June: US jobs data triggers share price slip

7/6/2012 - US shares have fallen after official data showed firms had created only 80,000 new jobs in June, leaving the jobless rate unchanged at 8.2%. ✧ Job creation remains below the 100,000 judged necessary by the Federal Reserve for a stable job market, according to the US Labor Department. ✧ President Barack Obama said the rise in employment was "a step in the right direction". Read more at BBCNews/Business... Read More......

The Mystery Fuel That Drives the Market Higher

WEALTH DAILY, 11/19/2009 "U.S. Dollar Carry Trade: When Bad News is Good News" by Steve Christ [Advertisement but worth reading] - For the logically inclined, the action in the stock markets these days must be a riddle, wrapped in a mystery, inside an enigma. ∴ That's how backwards things must appear as the unemployment rate goes higher and the markets jump right along with it. It makes no logical sense. ∴ In fact if you compared the rise in the unemployment rate with the rise in the DOW. . . you would be hard-pressed to either explain it or believe it. ∴ Yet as Rick Santelli pointed out last week, the correlation between the two is nearly 1:1. Amazingly, even as the unemployment rate hit 10.2% earlier this month, the Dow closed above 10,200. The strange part: the same thing also happened at 8% and 9% unemployment. ∴ And while this seems like nothing more than an odd coincidence. . . you have to admit it is something of a head-scratcher. Mr. Christ explains 'why' at Wealth Daily... Read More......

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Hat tip: vanderluen Read More......

THE ECONOMY: “Things are Good”

The Corner, April 27, 2007 – [After the Dow's record-breaking 13,000+ close] Larry Kudlow wrote,

[...] If I may, permit me to once again call this what it is—the greatest story never told.

We are in the midst of the longest uninterrupted bull market run in memory. We have record low tax rates on capital, a benign inflation rate, and recent economic releases suggesting the Goldilocks soft landing scenario remains very much in place.

But in the end, it all boils down to two simple things—two stock market locomotives that have created enormous, still untapped, value in equities. Viewers have heard talk about them night after night:

High earnings, low interest rates.

Mark my words, it ain't over yet.

Will George W. Bush ever get any credit for this?

Read More......