BUMP... come on, Cats got your tongues? Crystal balls accepted but Not tea bags! I will admit I was once again mystified at the (usual) market's reaction to increased unemployment figures. But remember in previous recessions, then not being a market player, did note the insensitivity of the market towards the (wo)man on the street. I should have noted that and sold all inverse etfs yesterday, wierd how both them and emerging markets (EDC) were going up the same day. So how's Monday going to go? 

Wait a minute, just noticed the lows of this week were above the lows of the last dip, and maybe the highs will go higher?

Too funny "so fart", no pun intended, real typo there.

Yeah, just remember to get out by years end.

  I’ve been running back and forth to the hospital for my brother, surgery was successful, thanks for asking, but I did want to add something about a current ‘mover’.  When I came back from Europe I brought some UUP, figuring that $1.50 to a Euro was a top.  It has been announced that there will be no new shares issued for the short run since there seems to be a rush recently to short the dollar.  Instead of these shares trading at par to the exchange rate, they are trading at a premium, which means they have gain about 5% in the last week.  Don’t rush in to play this, since when additional shares are issued the premium will disappear.  I toyed with selling, but I have been mentally preoccupied to think it through, but I believe that the dollar will recover against the Euro as our economy recovers.  There may be a play in selling now and buying back at the end of the year.

So, we're up 150 points today, as of now. Anyone know why?

In the face of the new 10.2% unemployment, highest in 26 years, I would say the market's reaction doesn't make much sense. I'm going to bet on a decline from here.

Owl said: So, we're up 150 points today, as of now. Anyone know why?

In the face of the new 10.2% unemployment, highest in 26 years, I would say the market's reaction doesn't make much sense. I'm going to bet on a decline from here.

 I think it’s the bill President Obama signed on Friday. But it seems a little soon unless there was a lot of homework over the weekend. 

Jwales, from mid October through now, it's been working exceptionally well, in '07 & '08 it worked, in '06 if you'd made the purchases at the start of November, you have had a little nail biting, but by the years end you were up 2%, if you'd reversed the strategy as the article suggests you were up again by 4% by February, the two ETF's you used only go back to December '05 where the strategy yielded 7% if you'd held on through April.

I still don't understand how this market can keep going higher with unemployment at 10.2 percent,
but really higher then that when you factor in all unemployed people.

Someday reallity has to set in and that will drive the market lower.

I know one thing, I just don't understand this stupid stock market.

Unlucky,

I agree with your statement regarding the overall economy and that "someday reality has to set in". For sure it will.

But as Shap says above the market and economy are not necessarily tied at the hip. The current market is looking through a very narrow window where the dollar is depressed and companies are able to post decent earnings. The path of least resistance is higher.

The timing is also ripe for a rally as we near year end and Goldman Sacks and the like want to cut those big bonus checks!

Not much downside till year end in my opinion with just maybe another 5% swoon but if we gather just a little steam above 1100, we are going much higher.

After the New Years all bets are off and I would be much less bullish.

my 2 cents anyway!