Yogizuna,
"Another "government rabbit" out of the proverbial hat this morning! Good grief. Sooner or later, reality will prevail."
Yes, I'm just getting back to my office and reading all the different interpretations. My gut tells me there is a political element to this number, but if that is true, then it will not be sustainable for the months between now and the election. So my gut is probably wrong about that.
The market likes the number, but at the same time, if this is the start of a trend, then rates are going to move up, and that is going to hurt housing and all those over-extended consumers with high debt loads and ARM's.
My bigger point is that I agree with you regarding the reality of our current economic mess. Its not our fathers recession and the overhang from excessive consumption (and speculation) is going to have to play out someday. I look at the current level of the national debt, and the ever increasing deficit, and I wonder, do these numbers mean anything at all? I'm not sure they do.
My PM position is too easy to manage. I won't sell my bullion and my PM fund is up strong so I can suffer a little pullback. I want to trade more dirts, but I don't have the insight to do so yet. The WOODSHED is helping! Yes, its a great thread and I hope to contribute something more than an opinion someday.
At least you know you won't be missing any new episodes of Green Acres <g> One new show I do like is the Chappelle Show. It takes risks and I like his openness.
Good trading. As I posted yesterday, I am still rudderless in this market. Todays report did nothing to correct that, but I am confident the LT trend for PMs is still up.
Thx
TH |
