RE: TSX 25 001 33 007 the sellers 24 k traded ! Yes, kind of interesting....like *where* is all of this volume coming from? I would have figured the volume would have tapered right off to a 'trade by appointment' scenario. Oh well, I guess we'll have to get more into the bowel of the summer doldrums, what?
Jobs numbers kind of sucked today...but at least Bloomberg did not have the gall to add 'unexpected' to their header. And counting up the economists (135) who all reckoned the jump bump would be anywhere from 110,000 to 165,000, I kind of wonder where these guys are employed and *why* they are still employed. I know it is not a big deal anymore to be a blind, deaf and dumb cheerleader of America's Worst President in History...but enough is enough. We are heading into a recession and all that is left is to how steep the recession will be. I know there is the odd alarmist out there calling for a depression, but first things first...downturn picks up speed, government undereacts and wants to do something completely stupid - like tax the rich - and then the downturn turns into a recession.
Chatted with an analyst today and he chastised me for throwing around the 'recession' word and tried to nail me with the (rigid) definition of what a recession really is. I turned the tables on him and suggested that his strict adherence to rigid definitions is not keeping up with the times and he is actually hurting his clients by being so stiff. Compared his 'stiffness' to the first battle that involved the Hotchkiss Revolving Cannon. Use of that cannon changed forever the rules of war. No more lining up in strict formation and waiting for the other guy's team...also lined up in strict formation, to blink.