Today's "numbers" show that Americans consider a job-loss to be just
an excuse to spend more time at the mall!
Or, maybe do that "re-fi," or a little daytrading!
Somehow, all the "bad news" isn't translating into the markets.
Probably, because of the 1% interest rates, which can put a lot of
lipstick on the pig! You would agree.
Still almost ANYBODY can make money in stocks these days. It always
goes up, as they say. And, that could give people more courage to
run down their bank accounts and/or run up their credit cards!
Also January and February are GREAT SALE MONTHS for shoppers. Kohl's
is just giving the stuff away, in case you haven't been there
recently.
SO, IT'S SAME OLD, SAME OLD, IF YOU CAN'T SPEND INCOME, SPEND ASSETS
AND EQUITY!
It's also a good time to stick some Euros in the sock drawer, if
you're planning a European Vacation this year.
The ECB is not going to join Alan in the One Percent Club anytime soon. But, with all of the success they've had lately with "jawboning;" why should they!
THE BIG KAHUNA THIS WEEK IS THE JOBS NUMBER ON FRIDAY!
A REALLY BAD NUMBER COULD LOSE THE ELECTION FOR DUBYA STRAIGHT AWAY!
I doubt that a really good number is possible because it's just not
showing up anywhere else.
SO, MY HUNCH IS ANOTHER AMBIGUOUS NUMBER: Maybe, the econ boys and
girls will get it right for once at 125,000? But I wouldn't be
surprised to see, say 40,000 to 80,000; STILL it's all so subjective!
Are these temps, or burger flippers?
Or is more "productivity" on the way;
With all of the "hiring" being done in foreign countries; LIKE INDIA!
N.B.
MY DEFENSIVE PORTFOLIO HAS BEEN DOING WELL DURING THE RECENT
NAZZ TROUBLES. AND, GOLDS FREQUENTLY "SAVE THE DAY."
THERE SEEMS TO BE A SUB-ROSA QUEST FOR "HARD ASSETS" HIDDEN IN HERE
SOMEWHERE.
SO, PERHAPS SOME PEOPLE ARE MIGRATING AWAY FROM THE OLD HOTTIES;
AND, BACK INTO THE PRE-ONE PERCENT "DEFENSIVE STUFF?"
EVEN YEILD INVESTMENTS ARE HOLDING UP SOMEWHAT BETTER THAN EXPECTED.
WELL, AT LEAST "THEY" AREN'T RUSHING INTO CASH;
......yet.
