Comments on: Wild Week for Stocks Comes to an End http://www.investcraft.com/wild-week-in-the-market-comes-to-an-end/ Stock Picks from Crafty Investors Thu, 01 Jul 2010 10:57:49 +0000 http://wordpress.org/?v=2.9.2 hourly 1 By: Anand http://www.investcraft.com/wild-week-in-the-market-comes-to-an-end/comment-page-1/#comment-3 Anand Sat, 05 Sep 2009 13:34:46 +0000 http://www.investcraft.com/?p=233#comment-3 Well lets be careful now about statistics, which especially coming from the goverment fall into the category of "there are lies, damn lies and then there are statistics." Let's peak behind the "job less" number. For instance do you know these numbers are compiled every month to include a hypothetical "birth-death model" which assumes a hypothetical level of job creation and subtracts that job losses. For August, the "birth death model" ADDED 118,000 jobs (http://www.bls.gov/web/cesbd.htm) mostly in Construction, Leisure/Entertainment and Professional Services. I don't think so. Trying to predict anything from hypotethical stats is an exercise in futility. What does count, and Ken is right on, is the market reaction. The only thing that matters is price and time in the markets. Everything else is noise. We ARE in coonfirmed market rally which could go far, as I have said even with a slight 10% correction coming soon. Well lets be careful now about statistics, which especially coming from the goverment fall into the category of “there are lies, damn lies and then there are statistics.” Let’s peak behind the “job less” number. For instance do you know these numbers are compiled every month to include a hypothetical “birth-death model” which assumes a hypothetical level of job creation and subtracts that job losses. For August, the “birth death model” ADDED 118,000 jobs (http://www.bls.gov/web/cesbd.htm) mostly in Construction, Leisure/Entertainment and Professional Services. I don’t think so.

Trying to predict anything from hypotethical stats is an exercise in futility. What does count, and Ken is right on, is the market reaction. The only thing that matters is price and time in the markets. Everything else is noise. We ARE in coonfirmed market rally which could go far, as I have said even with a slight 10% correction coming soon.

]]>