5 worries on Wall Street

[HereWeGo]

Incomes are up. Employment is up. Rich folks that bet on the long term prospect of indentured servitude are losing a fortune (to the little guy who stole it from them.)

Sounds good to me.

[Anonymous]

HWG, incomes, after adjusting for inflation, were down 0.1% in May compared to April per last Friday’s report on personal income and expenditures.

Hourly wages reported today, I presume, are just a component of total personal income.

[Anonymous]

HWG, incomes, after adjusting for inflation, were down 0.1% in May compared to April per last Friday’s report on personal income and expenditures.

Hourly wages reported today, I presume, are just a component of total personal income.

[LA_Renter]

Bond yields up, oil up, inflation up, Housing nose diving, potential systemic shock in global financial markets due to re-pricing of portfolios. Does anybody think the term “Goldilocks” economy should be replaced with “Sybil” economy??

[LA_Renter]

Bond yields up, oil up, inflation up, Housing nose diving, potential systemic shock in global financial markets due to re-pricing of portfolios. Does anybody think the term “Goldilocks” economy should be replaced with “Sybil” economy??

[Anonymous]

Here, here, Los A—— Renter.

Hilarious, the ‘birth-death’ adjustments to the employment report:
http://www.bls.gov/web/cesbd.htm

May ’07 construction was down 2.8% compared to May ’06, yet there were still sizeable upward revisions to construction employment (and in June, too):
http://www.census.gov/const/C30/release.pdf

The employment numbers are hard to believe, and I presume that they will be adjusted downward, just as they were last year.

Also, LAr-, would you please consider making your ‘handle’ religiously neutral so as to not offend, please?

[Anonymous]

Here, here, Los A—— Renter.

Hilarious, the ‘birth-death’ adjustments to the employment report:
http://www.bls.gov/web/cesbd.htm

May ’07 construction was down 2.8% compared to May ’06, yet there were still sizeable upward revisions to construction employment (and in June, too):
http://www.census.gov/const/C30/release.pdf

The employment numbers are hard to believe, and I presume that they will be adjusted downward, just as they were last year.

Also, LAr-, would you please consider making your ‘handle’ religiously neutral so as to not offend, please?

[HereWeGo]

The employment numbers for April and May were adjusted upward, jg.

But hey, don’t let the facts get in the way of losing money.

[HereWeGo]

The employment numbers for April and May were adjusted upward, jg.

But hey, don’t let the facts get in the way of losing money.

[Anonymous]

Okay, HWG. Let’s make a modest wager. You specify your portfolio as of today, I’ll specify mine (100% SDS, to be shifted to GLD after the market correction). Then, let’s compare appreciation at year end. $5.

You in?

[Anonymous]

Okay, HWG. Let’s make a modest wager. You specify your portfolio as of today, I’ll specify mine (100% SDS, to be shifted to GLD after the market correction). Then, let’s compare appreciation at year end. $5.

You in?

[HereWeGo]

My tendencies are not so exhibitionist, jg. I am significantly invested in International and Latin America funds(go Bovespa go!), as well as commodities and US exporters/large caps. I also have significant smallcap/midcap exposure, but I can change that in the blink of an eye. I’m just not comfortable throwing out the actual names.

I will bet $5 that you lose money on SDS. You might make a decent amount back in gold if you buy and sell at the right times.

[HereWeGo]

My tendencies are not so exhibitionist, jg. I am significantly invested in International and Latin America funds(go Bovespa go!), as well as commodities and US exporters/large caps. I also have significant smallcap/midcap exposure, but I can change that in the blink of an eye. I’m just not comfortable throwing out the actual names.

I will bet $5 that you lose money on SDS. You might make a decent amount back in gold if you buy and sell at the right times.

[beanmaestro]

Hmm… It seems like the first two items just about cancel each other out. Stocks are doing well in dollars, but a number of folks have shown Dow vs. Oil, Dow vs. Gold graphs that show the market is flat due to inflation. Now, if the market is flat in real value, do we need to worry about a four-year-old bull?

Also, if you sell US stocks, where do you put the money? The commodity & world markets have been returning well above-average since 2003 (is that bull aging?) Bonds & money market are getting neutered by inflation. That leaves european bonds, which isn’t a terrible hedge (anyone have a good euro bond fund?)

[beanmaestro]

Hmm… It seems like the first two items just about cancel each other out. Stocks are doing well in dollars, but a number of folks have shown Dow vs. Oil, Dow vs. Gold graphs that show the market is flat due to inflation. Now, if the market is flat in real value, do we need to worry about a four-year-old bull?

Also, if you sell US stocks, where do you put the money? The commodity & world markets have been returning well above-average since 2003 (is that bull aging?) Bonds & money market are getting neutered by inflation. That leaves european bonds, which isn’t a terrible hedge (anyone have a good euro bond fund?)

[Author]

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