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07/05/16

09:50

Post #: 17701697
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Originally posted by wombat53 ↑

Let's recall that during the August 2015 plunge (swoon), smackdown, there were many woes, one of which was the price of Copper at $5,000 /ton!! Oil was at 40 (and barely above that now. Gold at USD 1,128 ( considered bad news), and China just devalued.
See my WSJ image below which I bought as a souvenir of the week (yes, I've posted it before).
I just looked now, Copper is USD 4,810, and we know where oil and gold are (oil much the same, and gold up). China keeps devaluing. Little has changed. except that there has been no crash.
"Same as if you said it was 10pm every minute of every day, you'd be right one minute per day"
Correct, and I hate to be pedantic, but I think the conventional expression is:
"Even a broken watch is right twice a day"
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Not this week. Poor NFP is actually bullish for stock market, it decreases the likelihood of rate hike in June. Good NFP is also good for stock market, it means US economy is picking up. Every scenario is good for stock market,
4 Upvote

0 Great analysis

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