Rcks - Unless you want this market to go into the crapper, as you said you should be happy with the job report. You have to start some where and this seems like a positive start, of course next months report might go back into the septic pool, we shall see. There are some that don't really care about the facts, the history or anything else, they just want the market to go into the crapper so they can say they predicted it.
I spoke with my brother that lives in Californi last week, your neck of the woods, he is starting to see signs of things getting better out there, in the construction area, are you seeing that also?
The jobs report also indicated that:
Health care employment continued to expand in September, with an increase of 44,000. Within the industry, job gains occurred in ambulatory health care services (+26,000) and in hospitals (+13,000).
Construction employment increased by 26,000 over the month, after showing little movement since February. The over-the-month gain was due to employment increases in the nonresidential construction industries, which includes heavy and civil construction. Mining employment continued to trend up in September.
Employment in information was up by 34,000 over the month due to the return of about 45,000 telecommunications workers to payrolls after an August strike.
So there is a bright spot and we should be happy about it. I will still be adding to my gun collection, you never know when all hell will break lose, especially with the nut jobs protesting in Tampa and elsewhere, basically alot of college age kids that need something more productive to do.
JMHO, Lindy
"Buy low, Sell high, stay with your system. If your system breaks fix it."
