stock market was up today...

[VolsNSkinsFan]

New Home sales down 7%

[VolsNSkinsFan]

Apple down 3% with earnings tonight must be ruining peoples day

[lawgator1]

Originally Posted by VolsNSkinsFan

Apple down 3% with earnings tonight must be ruining peoples day

Buy the dip. They aren't going anywhere.

[VolsNSkinsFan]

The Trend Is Your Friend, and its down like 20% in a month, I will wait

[lawgator1]

Originally Posted by VolsNSkinsFan

The Trend Is Your Friend, and its down like 20% in a month, I will wait

Reminds me of comment heard yesterday on CNBC. Paraphrasing: "The market is great at forecasting the immediately preceding period."

[myrobbins7]

This company is just simply amazing..For the period ended March 31, Apple reported net income of $11.6 billion, or $12.30 per share, compared with earnings of $6 billion, or $6.40 per share, for the same period last year.

Revenue jumped 59% to $39.2 billion.

Thank you Mr.Cook. APPL - + 41.43.

[myrobbins7]

The number of Americans who filed requests for jobless benefits was virtually unchanged last week at 388,000, the U.S. Labor Department said Thursday, keeping claims near their highest level of 2012. Claims from two weeks ago were revised up to 389,000 from 386,000. Economists surveyed by MarketWatch had projected claims would drop to a seasonally adjusted 375,000 in the week ended April 21. The average of new claims over the past four weeks, meanwhile, climbed by 6,250 to 381,750, matching the highest level of the year. Continuing claims increased by 3,000 to a seasonally adjusted 3.32 million in the week ended April 14, the Labor Department said. Continuing claims are reported with a one-week lag. About 6.68 million people received some kind of state or federal benefit in the week ended April 7, down 87,160 from the prior week. Total claims are reported with a two-week lag.

[VolsNSkinsFan]

400K is a generally accepted mark of a recession BTW

[PKT_VOL]

Does anybody (Volnskinsfan and Robbins) have any idea what the true (reliable) unemployment number is?

[myrobbins7]

Originally Posted by PKT_VOL

Does anybody (Volnskinsfan and Robbins) have any idea what the true (reliable) unemployment number is?

If I had to guess, I would say the true rate is closer to 16% compared to 8%.

[PKT_VOL]

Originally Posted by myrobbins7

If I had to guess, I would say the true rate is closer to 16% compared to 8%.

Yeah. I figured it was way higher than 8%. I figure it is somewhere between 10-20% but I am not in that field and half a world away to boot.

Thanks for the reply.

[VolsNSkinsFan]

10% on the low end. I dont have the stats infront of me, but our overall workforce is a lot smaller then it was 3-4 years ago. Yea a lot have retired, but we are talking 5-10 million.

Record 1.2 Million People Fall Out Of Labor Force In One Month, Labor Force Participation Rate Tumbles To Fresh 30 Year Low | ZeroHedge

1.2 million people dropped out of the labor force in one month! So as the labor force increased from 153.9 million to 154.4 million, the non institutional population increased by 242.3 million meaning, those not in the labor force surged from 86.7 million to 87.9 million. Which means that the civilian labor force tumbled to a fresh 30 year low of 63.7% as the BLS is seriously planning on eliminating nearly half of the available labor pool from the unemployment calculation.

[PKT_VOL]

Originally Posted by VolsNSkinsFan

10% on the low end. I dont have the stats infront of me, but our overall workforce is a lot smaller then it was 3-4 years ago. Yea a lot have retired, but we are talking 5-10 million.

Record 1.2 Million People Fall Out Of Labor Force In One Month, Labor Force Participation Rate Tumbles To Fresh 30 Year Low | ZeroHedge

Interesting.

[VolsNSkinsFan]

Big GDP Miss: 2.2% Vs Expectations Of 2.5%, Composition Even Uglier | ZeroHedge

So much for the +3.0% GDP whisper number. Instead of printing at the expected number of +2.5%, the first preliminary GDP data point (two more revisions pending) came out at 2.2%, a big disappointment for a quarter which had a substantial boost from the weather. And while of the 2.2%, Personal Consumption came in strong - as expected, as it was precisely the factor most impacted by pulling in demand forward courtesy of "April in February", 0.59% of the 2.2% was an increase in inventories, something which was not supposed to happen as it means that the quality of the economic growth in Q1 was far worse than expected.

[myrobbins7]

I was looking for 3% also.. This 2.2% sux.