Moving Forward Into April & Job Report

[Kassz007]

Quote from Roman Candle:


So play it from the long side, buy the dips and make $$$$$$$

We heard you the first 20 posts.

 

[S2007S]

13.2 million out of work, the highest amount of unemployed ever.

 

[Martinghoul]

And -741k for Jan is the worst number since 1949, I think.

 

[Roman Candle]

The time to buy is when things look there worst. The time to sell is when things look there best.

You may not nail the bottom, but scaling in is a good strategy down here under Dow 8000.

 

[Martinghoul]

Doesn't look like we're at 'there worst' to me...

 

[Roman Candle]

Quote from Martinghoul:

Doesn't look like we're at 'there worst' to me...

Your contradicting yourself, you said -741 was the worst.

 

[Martinghoul]

Quote from Roman Candle:

Your contradicting yourself, you said -741 was the worst.

How am I contradicting myself? It's the worst number on record since 1949, i.e. ex post. I do not know if it's the worst number that we will be seeing in this downturn, ex ante. My opinion is that the labor mkt hasn't hit the bottom yet, as there's a whole number of leading indicators in the NFP report that are suggesting that employment contraction hasn't actually slowed.

 

[Optional]

Quote from stock_trad3r:

This bull market can't be stopped, plain and simple. Just keep buying all the dips. 14,000 here we come.

It's not a bull market you total fool

 

[Roman Candle]

Quote from Roman Candle:

Daily WFC line chart.

Sold 2/3 of this position @ $19.05

 

[Roman Candle]

$5.08 gain. I will buy back in near 16-17