Thread: Market News

Initial claims for state unemployment benefits slipped by 4,000 to a seasonally adjusted 294,000 for the week ended Jan. 3, the Labor Department said on Thursday.Economists polled by Reuters had forecast claims falling to 290,000 last week. The prior week's data was unrevised.

US created 252,000 jobs in Dec vs. 240,000 est; unemployment rate at 5.6% vs. 5.7% est

Originally Posted by weatherweenie

US created 252,000 jobs in Dec vs. 240,000 est; unemployment rate at 5.6% vs. 5.7% est

Revised November's number up an additional 50k as well. That's pretty significant!

"Disaster scenario" comes into focus as stocks, commodities slump

By Aaron Task 1 hour ago
Video:
http://finance.yahoo.com/news/-doomd...151108219.html

100 DMA on SPX of 2007 has been floor on previous downturns, will this time be different ?
Sure a lot of bad news out there and if SPX 2000 violated, huge gap down to next resistance at 1944 area..

It's time like these when I wish we had a short fund, like Short DOW 30, Short Russell 2000, or Short S&P 500.

Originally Posted by Viva_La_Migra

It's time like these when I wish we had a short fund, like Short DOW 30, Short Russell 2000, or Short S&P 500.

I would love that, but they won't let it happen!

Originally Posted by Viva_La_Migra

It's time like these when I wish we had a short fund, like Short DOW 30, Short Russell 2000, or Short S&P 500.

or a precious metals fund, which sort of acts like a short fund (seems to do well when market is going south)

Originally Posted by Viva_La_Migra

It's time like these when I wish we had a short fund, like Short DOW 30, Short Russell 2000, or Short S&P 500.

It's all fun and games, so long as the short trade works for you. Having been burned playing TZA and UVXY, being less than 10 years to retirement, I'm content with our TSP options.

Originally Posted by weatherweenie

It's all fun and games, so long as the short trade works for you. Having been burned playing TZA and UVXY, being less than 10 years to retirement, I'm content with our TSP options.

Yup... OPEX weeks that go the other way would've definitely depleted my account. I would be my own worst trading enemy. Kinda like the precious metals fund option though.

The number of Americans filing new claims for unemployment benefits last week increased to the highest level since early September, but the underlying trend continued to point to a strengthening labor market.

Initial claims for state unemployment benefits rose by 19,000 to a seasonally adjusted 316,000 for the week ended Jan. 10, the Labor Department said on Thursday.
Economists polled by Reuters had forecast claims falling to 291,000 last week. The prior week's data was revised to show 3,000 more claims received than previously reported.