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Cash Crops
The mass media did a real disservice reporting modest declines in new unemployment claims as Corporate Government Progress and reason to jump in after a 70% romp in the Dow.
http://stockcharts.com/charts/gallery.html?s=%24indu
Maybe the lack of real media growth got to their heads?
They lost a little on each broadcast, but made up for it with volume?
http://www.cnbc.com/id/15840232?video=1463714869&play=1 5:29
We never confuse winning the lottery with lasting wealth.
We liked AAPL and LVLT last Winter at 78.20 and .57 with Trailing Buy Stops above the lows, and BRNC last summer with Trailing Buy Stops above 3.34, meaning we did not buy them at the exact bottom, and never sell them at the exact top either.
JP Morgan attributed his fortune to selling too soon.
With AAPL pushing 242, BRNC 8.64 and LVLT 1.77, we have our Trailing Sell Stops in below the peaks for Protection and Profits.
http://stockcharts.com/charts/gallery.html?s=aapl
http://stockcharts.com/charts/gallery.html?s=brnc
http://stockcharts.com/charts/gallery.html?s=lvlt
Two of these stocks have much higher targets.
We can’t wait to let the market cash us in for a rainy day of better prices on the other.
Folks, the good news is the unemployed are still growing, no matter how much the BEA, Dept of Labor Household Surveys dice, slice and mangle numbers with mythic birth and death adjustments.
That means a whole generation of spendthrifts may be learning how to save and invest rather than spend and whine.
We are here to serve. Just the facts, M’am.
Many people were counted as employed with a very temporary census job. Many were dropped off the unemployment rolls as their benefits expired. Some totally discouraged are applying for disability, with less than one out of two getting it.
