9.7% unemployment Green shoots?

The most bearish argument Ive been able to come up with is the rate of increase in such a short period of time and the steepness of the angle of ascent. The sp 500 is basically going parabolic off the bottom in a gigantic ascending wedge.

If you are bullish do you really want to see this thing head straight to 1100-1200 soon? Moves of that strength always come down hard. The Shanghai composite just did it and got slaughtered this month.
 
I am TIRED OF THIS FUCKING CRAP!!!! I think the mofo "economists polled" should be forced to give ANOTHER ESTIMATE. Here is what I mean - we are fed this baby food bullshit that says, "Oh, the unemployment rate was "blah" percent and that was better than the estimates of the "economists polled" - FUCK YOU - ASSHOLES!!!! Get these motherfucking "economists" to ALSO PREDICT THE REVISION NUMBERS!!! OH, I can fucking read, these asswipes are saying, "Only a change of blah"...FUCK YOU to the "forecasters"!!! I say this, "Take the fucking number from July...take the "revisions" and add them to the present number! 49,000 jobs "revised" since June is BS!!! Why don't we take the 216,000 from today and say it was 255,000 , "INCLUDING REVISIONS FROM PREVIOUS MONTHS, WHERE THE BLS MADE ERRORS!!!" NO MORE BULLSHIT!!! Those were ACTUAL NUMBERS!!!

Here is what the "forecasts" should have: " I am predicting 292,000 jobs lost, with a 57,000 job revision from June." or "I am predicting a 287,000 job loss, with a 24,000 job revision from July." (My numbers are fictitious, but the point is...the end numbers are made to look better than the "forecasts!")

-gastropod
 
70% of the US GDP is americans importing foreign goods and services with borrowed money.


Unless someone can convince me otherwise I do not see a positive outlook for our economy.
 
Quote from CaptainObvious:

Biden hails stimulus benefits, says 500,000 jobs created. Biden said... “Instead of talking about the beginning of a depression, we are talking about the end of a recession.’’
<img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=2564049

No worry Folks, it's all good.:eek:
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And this, folks, is what a pathological liar looks like
 
Quote from tradingbug:

The real question is what was the unemployment rate 1 year after the initial 1929 crash. Of course it eventually reached 45% during the GD but that was after a FEW years into the mess. You are comparing apples to oranges.
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Tried to find some information. From this post, it seems one year after the initial crash of 1929, the unemployment rate reached 8.7%. I am not sure if they calculate the rate the same way today as back then....anyone else know?

The market also did rally 50% 1 year after the initial 1929 crash....lots of similarities IMO.....makes you go hmmmmmmmm

http://www.huppi.com/kangaroo/Timeline.htm
 
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