Have a nephew in California and he states that things are just fine, maybe not in every city and town, he is in Torrenace. A daughter in Portland, friends in Westchester County NY, others in Begen County New Jersey, the list can go on. Everybody can have there problems, but its not like they are not making any money.
Most have two people working, bringing in anywhere between 70,000 and 170,000 a year. I know that is not alot by some of my old buddies from college standards. But to me thats a liveable income. True each one probably spends about what they make, or a little more, but who cares, the money is coming in, and you have spend it to live the life you want.
My wants are alot less, so I live on less, but in Chattanooga, my bills and taxes are quite reasonable, as compared to the east coast. Even home prices have improved in many areas. Besides I remember when I graduated from college, I had to go where the jobs were, I couldn't just stay in my old hometown after graduation. So I left, and when I had to change jobs, or even location, I did.
One of Mary's many relatives, has some kind of a job that deals with the ocean, and I cracked up when she lost her job after many years, and her father was blaming Obama. He is an ex-marine, conservative southern man, unlike his daughter who is mostly liberal in thought. She stated that she was going to California, and he was upset cause he would not be seeing her as much. I tried to remind him thats where the other ocean is, so thats where she had to go to get another job that dealt with the ocean. She got a job, it was at a lower pay than her previous one but she remained in her field. It took her about three month for the transition, it was difficult in some ways, but as she said to her mother, its better, I am in California.
Now I would not want to pick up and go to California, and she is almost 50 years old, but she did.
There are many places in the midwest that are literally booming, Williston, North Dakota, now thats an easy one, but there are many other smaller places in the midwest that are also experiencing a good economy.
Nothing is perfect, and there are many places in the country that still have problems, but just like we watch in the stock market each day, some stocks do well, while others get killed, and some just stay in a tight range.
I know this is a long answer, and I am sorry for that, but then there is also the world, and occassionally you have to understand that it also plays a vital role in our own economy. I think almost 1/2 of our output goes into world trade, and there we have to compete with everyone. There is alot of adjustment happening out there, some good and some not so good, but never before has the entire world tried to work and get along as well as it is doing now.
Looking forward to futures this evening, and to winding up the month of November, still like RIMM going forward, but would enjoy seeing it digest those gains of friday, a lucky trade for me.
Many days I can trade in and out of a stock, and then wait for the last hour, and sometimes the very last two minutes of the day to go back in. When RIMM traded well in Toronto on our Thanksgiving day due to a news release, I knew it would do well in our markets, and like always I will sell everytime into that gap, and then sit back and watch it trade.
News 
Market Data 
Discover 
AI
