PLENTY OF GOOD NEWS FRIDAY
NEW YORK (TheStreet.com)
– “The Bureau of Labor statistics announced Friday morning that the U.S.
economy added 243,000 jobs in January to push the unemployment rate down to
8.3%, the lowest level since February 2009. Economists had expected the
addition of 150,000 new jobs last month, and for the unemployment rate to
remain unchanged at 8.5%.” - Full story at… http://www.thestreet.com/_yahoo/story/11399896/1/stock-market-story-feb-3.html?cm_ven=YAHOO&cm_cat=FREE&cm_ite=NA
From Yahoo Finance - 4 Fundamental Reasons
Stocks Are Headed Even Higher
A) Advancing Corporate Profits
B) Broadening Manufacturing
”Thirty consecutive months of consistently
positive numbers…We are in a manufacturing renaissance… the 50,000 manufacturing
jobs created in January was the most in a year, and marked the 2nd best month
since 1998.
C) The Consumer
“… income and spending will continue to
improve…”
D) Developing Economies
“At least for the moment, concerns that
China's economy will undergo a ''hard landing" seem to have abated a bit
and support for U.S.-based multi-national companies remains strong.” Full story
at…
NTSM
SYSTEM UPDATE
NTSM
analysis remains BUY today.
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).
