junqi的博客
just personal musing
正文
America is a "melting pot". It is not strange that every issue here will have mulitfacets. Things as simple as "American Dream" will draw different response depends on individuals point of view. To political oppressed, it is defined by the American constitution of democracy; To religionous outcast, it is the freedom of belief, no matter how radiculous some of those beliefs are; and to Wendy Deng (News Corp' Murdoch's Wife), It is the marriage made in heaven :). But to the majority of the people, the American dream is to "have your cake and eat it". that is why so many will pay zero down to live in a million dollar mansion. Many times, reality will catch up with the fantacy, so you are seeing the forecloure sprout up across the country, but sometimes, dream do come true.
Fridays job data is one of those rare occurance, especially the revision of August number. Remember the job growth in August is nagative, and it is said that the 50 bsp cut by FED was largely influenced by that number. Now that, a lot of money has been pumped into the economy, a few bad debt get bailed out and morgage refinaced, and no doubt, the earning will be artificially inflated, we are told the economy runs just fine. Thank you very much. The August's job actually gained more than 80000 jobs. So, you have a growing economy and low interest rate (let's worry about down spiraling of dollar and inflation later ). Not only bears are nowhere to be seen and Godilock eat their porridge as well.
No wonder stock advanced and now both DOW and SP 500 sits on the historical high.
What will happen next? Will investors suffer a buyer's remorse? or there are more eager buyers wanting the shares that you posses? It all depends on how much the companys earns.
Earning season starts Tuesday with AA to report after the closing of bell, there will be more up and downs with each "beats or misses", so, buck up.
Overall, the earning probably is going to be ok. the earning estimate has come down quite a bit, so, there are lower bars for company to jump. secondly, as all the data pointed to other than housing, the economy runs just fine.
So, stay happy until we are told otherwise. of course, a health dose of doubt never hurt
Fridays job data is one of those rare occurance, especially the revision of August number. Remember the job growth in August is nagative, and it is said that the 50 bsp cut by FED was largely influenced by that number. Now that, a lot of money has been pumped into the economy, a few bad debt get bailed out and morgage refinaced, and no doubt, the earning will be artificially inflated, we are told the economy runs just fine. Thank you very much. The August's job actually gained more than 80000 jobs. So, you have a growing economy and low interest rate (let's worry about down spiraling of dollar and inflation later ). Not only bears are nowhere to be seen and Godilock eat their porridge as well.
No wonder stock advanced and now both DOW and SP 500 sits on the historical high.
What will happen next? Will investors suffer a buyer's remorse? or there are more eager buyers wanting the shares that you posses? It all depends on how much the companys earns.
Earning season starts Tuesday with AA to report after the closing of bell, there will be more up and downs with each "beats or misses", so, buck up.
Overall, the earning probably is going to be ok. the earning estimate has come down quite a bit, so, there are lower bars for company to jump. secondly, as all the data pointed to other than housing, the economy runs just fine.
So, stay happy until we are told otherwise. of course, a health dose of doubt never hurt
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