Seems I am the only one here that is bullish on the stock market, and the recovery, which is fine with me. Just me tells that I am right, as it means stock prices did bottom, as they always bottom when the public is the most pessemistic about the future. I all see here (other than me) is absolute stark pessemism. If you go back and check I was talking about buying stocks for the first time since 1987, here at the beginning of the year (and very late last year). The markets are at new highs for the year, and are up nearly 50% since the crash bottom on March 9th.
I have been buying stocks since about March 15th, and have not sold anything I bought since then.
On the jobs report, for all the naysayers and pundits here, the drop in unemployment was also the result of a MAJOR drop in layoffs (like about a 65% drop from recent highs), not the other government number rigging you have referred to (which is sometimes the case, but not the entire story this time, if at all!). The point is, investors are coming back and business is turning around, which means jobs are coming back. This is just the kind of news the market needed right now.
So go ahead, keep your heads in the sand (or is it rocks and mud here, I forget?).
Kastein,
I agree there are major house bargains out there now, and great interest rates, and deals. Just make sure the garage is big enough for several jeeps!:wave1: