Friday, October 3, 2014
Feds Helping Out The Market Again! Is this Hype........Looks like Russel and FSTE is in a Correction.
(CERR INVESTMENTS) - Isn't it interesting the Feds have revised unemployment up from last month now, exactly when the markets were declining, right before an election cycle. I still say the Feds and Big Investors are working together to influence the markets. Most of the jobs (according to the Washington Post) were created last month. Lets think about what is happening here. People are getting ready for Christmas. These are temporary jobs. Also, most investors knew about these jobs numbers on Thursday. Why the big rise of the Markets on Friday? What happens when QE3 ends next month? I bet the news people like (Squawk) will be talking about this 24-7. Right now the key word is still "Ebola". A news commentator goes to Liberia and has no physical contact. No one really knows how this thing is spread. I pray but in 4 to 21 days we will know if things are okay.
(YAHOO Finance) - Scary October start for stocks; Russell in correction. U.S. stocks declined sharply on Wednesday, with the fourth quarter starting off on a dour note after the S&P 500's seventh quarterly gain, as investors fretted global concerns, mixed U.S. economic data and earnings ahead. 2011 as investors sought safety in U.S. Treasury bonds and gold,with the CBOE Volatility Index (^VIX), a measure of investor uncertainty, rising. The Russell 2000 (^RUT) fell into correction territory, down 10 percent from its July record. "In the here and now, there are too many global-macro concerns for investors to have confidence," said Art Hogan, chief market strategist at Wunderlich Securities, listing worries about ISIS, Ukraine and Russia, the slowdown in China "and Ebola, which is causing things like airline stocks to go down." While often a scary month, this October has an especially long list of demons for markets to contend with-from the major shift in U.S. monetary policy and a global economic slowdown to a host of percolating geopolitical hazards, from Kiev to Hong Kong to Brasilia. Markets enter the month on a wave of heightened volatility, and are already showing signs of being spooked by the Fed and concerns about European and Chinese growth.This week alone, there is a European Central Bank meeting Thursday, where it is expected to detail its asset-backed purchase program, coming just as the Fed is stepping back. There is also the September employment report Friday, a key data point for the Fed, and there are general elections in Brazil over the weekend.
(CERR INVESTMENTS) - I really think geopolitical challengers will definitely be at the fore front of market concerns this month. People are looking for something to happen, a change in the investment environment. For now we have to look forward to is QE3 ending. Yes the markets are going up today 10/3/2014 but is anything being directed at the average citizen? Who is really buying this market? Things are more the same, keep interest rates as low as possible, don't really tell people exactly when you end QE3, don't really tell you when they will raise interest rates....Who has more patience? I think we have underlining things happen that causes today to be market hype. Until wages and employment (government jobs, high wage, private sector- not just services), things are gong to be on a pause. Until you get the average citizen buying goods and services again and their bank accounts begin to rise again, things will be stagnant. If things were good people would be retiring now and enjoying the good life. Do you see people over 60 leaving their jobs in drove.