This is a bear market its official apparently. Kudos to whoever it was that sold up earlier regardless of losses
Dollar keeps rising. Which is bad for stocks. Especially commodities, lots of stuff I got has done very badly like WEIR and VED resembles bank like performance
With a PE of 5, apocalypse is priced in
However I did sell a couple things previously like GKP. Its plunging again today on high volume which makes me think twice about my plan to buyback.
I opted to get HOIL instead which I also sold at higher prices.
It varies less up and down and its got low volume today and I think I need a more stable share
It went down as soon as I bought of course, but just this second its gone back up. Anything can happen but its not bad value
Market bounce definitely possible but the whole market is heading down in general.
Hopefully I'll get the dividends like ATK today (which is doing better anyway) and be ok
In the end share price is second to their earnings and returns to the owners, still nasty losses
CNR is holding 6p should I be impressed.
FTSE downside target Ive had since 2009 is 4500, that should not be surpassed unless company earnings really do drop badly and they havent afaik
share price history. History can repeat or not but to ignore it completely seems pointless
Oct. 4, 2011, 10:00 a.m. EDT
Bernanke not optimistic about labor market
WASHINGTON (MarketWatch) - A close reading of recent economic data doesn't show any hint of improvement ahead for the weak U.S. labor market, Federal Reserve Board Chairman Ben Bernanke said Tuesday. "Recent indictors, including new claims for unemployment insurance and surveys of hiring plans, point to the likelihood of more sluggish job growth in the period ahead," Bernanke said in testimony prepared for the Joint Economic Committee of Congress. Overall, the economy should pick up from the tepid 0.9% average growth rate of the first six months of the year, Bernanke said. In his testimony, Bernanke said the Fed's latest Operation Twist should put downward pressure on longer-term interest rates and "help make broader financial conditions more supportive of economic growth." Inflation has begun to moderate as the central bank expected, he said. The Fed is prepared to take further action "as appropriate" to promote a stronger recovery but central bank policy is not a panacea for the problems currently faced by the U.S. economy, he said.
