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#1

Unemployment at 6.5 market goes up

11-07-2008, 06:14 AM

I guess it went down the past few days expecting this

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#2

11-07-2008, 06:22 AM

the market dumped 10% of it's value after the election because of uncertainty on how things would be handled and a fear of a recession......I honestly think everyone was just yanking out that way they can get back in at lower prices......figure if you get several of the large firms to just pump and dump (but in this instance dump then pump i suppose) they can end up making tons of cash by buying the stocks at lower costs and enjoying the fact that once they buy them back the price goes back to normal

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#3

11-07-2008, 06:22 AM

Its down close to 1,000 points recently, if there is really support at 8,000 then its got nowhere to go but up, Riiiiiight? Of course we are going to get HAMMERED on the next few quarters of bad earnings and bad jobs numbers.

I blame Obama.

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#4

11-07-2008, 06:55 AM

6.5 isn't bad. 7% would of killed us.

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#5

11-07-2008, 06:57 AM

Originally posted by SCORE-Cash

6.5 isn't bad. 7% would of killed us.

ok so you think the next report will be better?

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#6

11-07-2008, 07:07 AM

When will the price of food go down?

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#7

11-07-2008, 07:09 AM

this time around it was sell on rumor, buy on news

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#8

11-07-2008, 07:25 AM

The over all trend of the market is down. There is no "up"
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#9

11-07-2008, 07:35 AM

Originally posted by gornyhuy

Its down close to 1,000 points recently, if there is really support at 8,000 then its got nowhere to go but up, Riiiiiight? Of course we are going to get HAMMERED on the next few quarters of bad earnings and bad jobs numbers.

I blame Obama.

thats a mistake. we all know that its Sarah Palins fault.

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#10

11-07-2008, 07:45 AM

Obama

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Done Deal!
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#11

11-07-2008, 07:49 AM

It should be more like 12% if you include people out of work for longer then 9 months "unemployment window" statistics only include. On the 10th month if still not working, government does not include those folks, no parttimers, no relocating or self-employed guys... list is long. Fuzzy math IMHO.

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#12

11-07-2008, 07:50 AM

Originally posted by getreal

It should be more like 12% if you include people out of work for longer then 9 months "unemployment window" statistics only include. On the 10th month if still not working, government does not include those folks, no parttimers, no relocating or self-employed guys... list is long. Fuzzy math IMHO.

agree, how about those working for cash

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#13

11-07-2008, 08:33 AM

Originally posted by SCORE-Cash

6.5 isn't bad. 7% would of killed us.

LOL that whole .5% difference could of really did us in eh?
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#14

11-07-2008, 08:50 AM

Originally posted by EscortBiz

ok so you think the next report will be better?

I think it's going to get worst, as posted above. The real unemployment figures are not on the books. Here in south florida you have a big portion of service jobs. Those service jobs, are not reported. I can tell you that every day more people are being added onto the Social Security rolls, and are walking into Families and Children asking for assistance.

Originally posted by FreeHugeMovies

LOL that whole .5% difference could of really did us in eh?

Yep it would. It's all mental. 7% gets us closer to 8%. 6.5% is still historically low. Things are bad and they will get worst. If we had suddenly gone to 7% the market would of reacted negatively to the news...

We are at 6.5% and the market goes up.

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#15

11-07-2008, 08:52 AM

since early 07 people can on cnbc claiming that we will start seeing a recovery at the end of the upcoming qtr. etc.

Everyone just talking out of their ass

All i know is if someone says its going to get better or worse give me a reason on why and how you came to that conclusion, dont just talk like some mystery psychic

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#16

11-07-2008, 09:16 AM

Originally posted by SCORE-Cash

I can tell you that every day more people are being added onto the Social Security rolls, and are walking into Families and Children asking for assistance.

This is what I can tell you, as my mom works for Families and Children here in Miami.

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#17

11-07-2008, 09:25 AM

i am proudly unemployed. I fired myself again last week.
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#18

11-07-2008, 11:28 AM

Better hire some people eb
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#19

11-07-2008, 11:33 AM

Originally posted by TheSenator

When will the price of food go down?

I here you on that ! FOOD Prices are insane! $3.02 for a loaf of bread $4.00 for a gallon of milk

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