NEW
YORK (TheStreet) --
"That today's [jobless] number was not only better than expected but much
better than expected can only be received warmly, providing further evidence that
at least on the firing side of things, the labor market is improving
considerably," Dan Greenhaus, chief global strategist, BITG, said in a
note. "If this trend continues, one would have to believe, given previous
relationships, that the monthly employment report will begin printing 200,000
plus job additions on a regular basis….The
January producer price index rose 0.1%, after falling 0.1% in December. Core
producer prices, excluding food and energy, rose 0.4% in January, the largest
increase since July, following a rise of 0.3% in December. The Federal Reserve
Bank of Philadelphia said manufacturing activity in the region picked up in
February. The bank's general activity index rose to a reading of 10.2 from 7.3
in January."...
Full story from…. http://www.thestreet.com/_yahoo/story/11421635/1/stock-market-story-feb16.html?cm_ven=YAHOO&cm_cat=FREE&cm_ite=NA
There
seems to be a lot of discussion going on that suggests that Greece won’t get
the bailouts and will default. The
discussion seems to be, maybe that won’t be so bad. We’ll see.
The
S&P was up slightly more than 1% today.
VIX fell 9% today to 19.22
Today
the NTSM analysis moved back to BUY.
I
bought back into the stock market at S&P 500, 1155 on 7 Oct after the 6 Oct
NTSM buy signal. I remain 100% long in
the long term portfolio (100% stocks in the 401k.). (See the page “How to Use
the NTSM System” – the link is on the right side of this page).
Just
a reminder: 100% invested in stocks is way too much for most rational
folks. Don’t do it unless you have a
high tolerance for risk.
