Wall Street's new high: sign of a real recovery?
In the latest installment of Investor Beat: the stock market hits a new high in the wake of better-than-expected jobs numbers.
The stock market hit new highs on Friday -- on the news that the U.S. added a better-than-expected 165,000 jobs in April. And the Labor Department revised up the estimates from the two prior months So should investors still "sell in May and go away?" On Friday’s Investor Beat, our analysts talk about what the good news might mean for investors.Shares of Facebook (FB) rose this week after the company reported stronger-than-expected growth in its mobile advertising revenue.
Shares of LinkedIn (LNKD), however, slipped this week despite a big increase in profits. Our analysts explain why now might be a good time to take stock in LinkedIn. They also give their thoughts on some of next week's expected earnings reports.
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When the true figures on unemployment are shown I might believe it.
Until then, the answer is NO.
Warren Buffet makes his own markets, you can't. His advice doesn't matters.
Main Street has seen evidence of a recovery, otherwise we would have extended months of job losses instead of extended months of Job Gains. Wall-Street is intent on extending wage increases to those at the top while outsourcing most jobs to slave labor overseas.
Main Street should see far more of the Trillions in Fed dollars. Main Street should see far more of the Record Profits and Cash on Hand. Some posters would rather that money stay with the top ten percent. Dam you and the 90 percent who actually work for a living.
They are even telling folks with college degrees that it only takes one person to do what use to take two or three. Meanwhile the barking dog does less while everyone else does far more. The result is a Global Printing Press running 24/7 to support the continual greed of the top ten percent. The rest of us will fight over what's left among ourselves. That's fine with them.
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Traders might want to bite on BABA, but long-term investors have reasons to wait.
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