Originally Posted by
john
The first problem is, it has never (at least since the market started it's recent increase) been that large of a difference, at most I have seen 7,000 to 12,000 difference in expectations. Second problem is that, for as many up side expectations there have been as many down side expectations on the weekly unemployment numbers. Third problem is that, even on most of the days that that had showed unemployment went up higher then expected the market still went up. Forth is the problem that many dont even follow the weekly and use the monthly which smooths out those weekly jobless claims numbers. Finally the big number they all use more then any weekly or monthly unemployment claims number is the unemployment RATE and at what pace is the economy creating jobs that was much slower then anyone expected and while the rate stayed the same when expectations were that it would rise to 9.7 or 9.8 the fact is if you read any of those articles you would see that they all said that the only reason that did not rise was that many fell out of the unemployment number because they are NO LONGER LOOKING FOR WORK, NOT that they are no longer UNemployed. AND WHAT HAPPEN after that report came out????? Ho yes, the market continued to go up.
There has been ONLY ONE thing that has happen that has DIRECTLY correlated to the rise of the market. I know you must think it is some big quesidence, that AS SOON AS most polls started to show republicans would absolutely take back the congress the markets started to go up but it is a fact that just as that happen the market started its increase. Ever hear buy the rumor sell the news. I will also predict that just as the election results show what the polls are saying happens that because the market has gone to high that it will come down some and there will be profit taking. The only thing that will stop the down turn or make it not so bad, is if the republicans also take back the senate also. The reason there is very few that expects it to happen. I believe it is still very possible. I think we see another Scott Brown happen. I saw a Hanity show where he had a Frank luntz group in Connecticut, half were supporting the democrat and half supporting the republican for senate. TWO of them raised their hands when the question was ask, after seeing that debate, do you think Blumenthal (the democrat) knows how to create jobs. Thats right only 2 of them said yes. Now I am being optimistic in thinking people are not going to be as stupid as they were when they voted for a man with no experience to be president but something tells me they learned, "fool me once shame on you fool me twice SHAME ON ME". That they are not going to be as stupid as people in, PA., CO., OH., VA., ect., to vote for a man that said he would bankrupt the coal industry you know an industry that those states ECONOMIES DEPEND ON. I am hoping people are not still dumb twits AGAIN.