Jobs report came out today and over 100K new jobs were created in April.
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@a1 And those of us (which may be everybody) who has retirement savings in the stock market would be happy too. At least until some mo--n manages to crashe the stock market.
None of the employment or financial news adds up. It is the definition of a bubble.
The way the employment number are calculated is highly debatable and it is being released by a government agency from an administration that is extremely adverse to releasing anything that makes them look bad. Not saying they are wrong just saying look a little closer at them.
The financial people are leveraged to the new high levels so they will only tell you everything is great. Financial crack has that impact of greed.
Go look up the "Buffet Indicator", which is a comparison of cumulative stock value versus GDP. Historically, stocks run at around 80% of GDP and currently they are over 230% of GDP. Nothing has fundamentally changed other than greed. Even Warren Buffet warned of this a few weeks ago. When a guy who literally made a few hundred billion from capitalizing on other peoples bad decisions tells you that you are making bad decisions you might want to listen.
Its all good: the beatings and firing will continue until morale and available funds improve.
Carry on....but watch your back
So it's all good then?
The markets were all up this week too, so investors have lots to be happy about.