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  1. #1021
    Quote Originally Posted by OldPhiKap View Post
    (Or the terrible "she wants money" -- ugh)
    Thanks for sparing us from the horrible fall. Bobby really blew it (for all of us!) when he pissed off Hunter and was only left with Barlow’s pen. Heaven help the fool who changed Hunter’s golden words.

  2. #1022
    Looks like a strong open to the market this morning after a strong May jobs number.

  3. #1023
    Join Date
    Jan 2010
    Location
    Outside Philly
    Quote Originally Posted by YmoBeThere View Post
    Looks like a strong open to the market this morning after a strong May jobs number.
    Has there been a bigger gap between economist expectations and reported figures? Anticipated 7M decline, posted 2.5M gain? Heck of a swing.

  4. #1024
    Join Date
    Sep 2007
    Location
    Undisclosed
    Quote Originally Posted by bundabergdevil View Post
    Has there been a bigger gap between economist expectations and reported figures? Anticipated 7M decline, posted 2.5M gain? Heck of a swing.
    Bloomberg this morning said it was the biggest miss between expectations and figures ever. They also want details on the numbers, and warned that the figure (like all figures) is subject to future revision.

    Still, it appears to be good news in an otherwise bleak time.

  5. #1025
    Quote Originally Posted by OldPhiKap View Post
    Bloomberg this morning said it was the biggest miss between expectations and figures ever. They also want details on the numbers, and warned that the figure (like all figures) is subject to future revision.

    Still, it appears to be good news in an otherwise bleak time.
    The Bureau of Labor Statistics has been wildly inconsistent and added a technical note to the jobs release today. In summary , the sample size of both establishment and the household reports was smaller than usual and the household survey team misclassified millions of unemployed as “employed, on temporary layoff” for a third consecutive month. In other words, the unemployment rate in April was reported at 14.8%, but was really 19.8%, and in May was reported as 13.3%, but was really 16.3%. Incompetence. Nevertheless, the gist of the report is convincing.

  6. #1026
    Quote Originally Posted by Jeffrey View Post
    The Bureau of Labor Statistics has been wildly inconsistent and added a technical note to the jobs release today. In summary , the sample size of both establishment and the household reports was smaller than usual and the household survey team misclassified millions of unemployed as “employed, on temporary layoff” for a third consecutive month. In other words, the unemployment rate in April was reported at 14.8%, but was really 19.8%, and in May was reported as 13.3%, but was really 16.3%. Incompetence. Nevertheless, the gist of the report is convincing.
    It seems like every administration finds new and creative ways to work the numbers in their favor. Thanks for the explanation.

  7. #1027
    Join Date
    Dec 2009
    Location
    North of Durham
    Quote Originally Posted by PackMan97 View Post
    It seems like every administration finds new and creative ways to work the numbers in their favor. Thanks for the explanation.
    This administration thinks that the late George Floyd would be really excited about the jobs report so we've got that going for us...

    https://thehill.com/homenews/media/5...-carry-in-full

  8. #1028
    Quote Originally Posted by CrazyNotCrazie View Post
    This administration thinks that the late George Floyd would be really excited about the jobs report so we've got that going for us...

    https://thehill.com/homenews/media/5...-carry-in-full
    Yeah, just saw that. Hard to see that comment as anything other than tone deaf.

  9. #1029
    Join Date
    Feb 2007
    Location
    Raleigh, NC
    Quote Originally Posted by Mtn.Devil.91.92.01.10.15 View Post
    Yeah, just saw that. Hard to see that comment as anything other than tone deaf.
    So glad DT was able to let us know that today is great day for George Floyd because of a jobs report! smdh

    I will say that it's a great day for my stock accounts (and I own a pitiful amount of stock but I don't mind seeing what little I have on the rise).

  10. #1030
    Quote Originally Posted by PackMan97 View Post
    It seems like every administration finds new and creative ways to work the numbers in their favor.
    Many share your opinion. However, government incompetence is the reason.

    “You can 100% discount the possibility that Trump got to the BLS. Not 98% discount, not 99.9% discount, but 100% discount,” tweeted Jason Furman, the former top economist for former president Barack Obama. “BLS has 2,400 career staff of enormous integrity and one political appointee with no scope to change this number.”

  11. #1031
    NASDAQ at all time highs? Bankrupt companies trading up 300% from 2-3 weeks ago? Someone mentioned market manipulation...

  12. #1032
    Quote Originally Posted by YmoBeThere View Post
    NASDAQ at all time highs? Bankrupt companies trading up 300% from 2-3 weeks ago? Someone mentioned market manipulation...
    Maybe you should short some of them.

  13. #1033
    Quote Originally Posted by Indoor66 View Post
    Maybe you should short some of them.
    I did!!! At 2:16 PM.

  14. #1034
    Quote Originally Posted by Indoor66 View Post
    Maybe you should short some of them.
    Quote Originally Posted by YmoBeThere View Post
    I did!!! At 2:16 PM.
    52982B42-8FB0-49C0-8A45-5A9D3736B9B5.jpg

  15. #1035
    Hope you win the bet.😎

  16. #1036
    Join Date
    Nov 2007
    Location
    Vermont
    If you're holding any Chesapeake Energy stock or bonds, you might want to make tonight's drink a triple:https://www.nytimes.com/2020/06/09/b...gtype=Homepage

    Aubrey McClendon, of course, was a Duke grad (history major as many wildly smart people are)...Easy come, easy go...

  17. #1037
    Quote Originally Posted by Indoor66 View Post
    Hope you win the bet.😎
    Up 15% today.

  18. #1038
    Added an additional short today. Playing with very tight ranges on today's trades. I'm already up 25% percent on yesterday's trade. But will let that one run a bit.

  19. #1039
    Join Date
    Jan 2010
    Location
    Outside Philly
    Quote Originally Posted by budwom View Post
    If you're holding any Chesapeake Energy stock or bonds, you might want to make tonight's drink a triple:https://www.nytimes.com/2020/06/09/b...gtype=Homepage

    Aubrey McClendon, of course, was a Duke grad (history major as many wildly smart people are)...Easy come, easy go...




    He lived quite a hard and fast and risk-seeking lifestyle, from what I've read. IIRC, Duke tried to claim millions that Aubrey had pledged before his untimely death but ultimately withdrew the claim.

  20. #1040
    Join Date
    Feb 2007
    Location
    Raleigh, NC
    Just playing around a bit, about 2 months ago I bought a handful of stocks that I thought were particularly low because of covid. Airlines, hotels, restaurants, etc. Note I spent very little money, just a couple of grand (kinda like Vegas, only put in what you can afford to lose). At this point, all the stocks except one is up. The one was Hertz. They declared bankruptcy and dropped to less than a dollar a share. Then suddenly this week they bounced all the way back up over $5 a share (it was showing a 92% increase for the day at one point). I sold the HTZ shares at a slight loss and with much happiness and confusion on my part. Couldn't believe that bounce. Now, everything I bought is up. Some a little some a lot. It's kinda fun.

    Hope that a few months from now, some of these recover to be near where they were and I can sell and stop playing around. Just seemed like a good gamble to buy stocks that have dropped 50-75% quickly. I haven't played with stocks in 20 years (except my company stock that I get with my ESPP). The stock market being high right now feels like a house of cards to me. Honestly, I don't really know what I'm doing...but that adds to the fun :-)

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