Is the Market turning around?
Jump to Page:
< Previous [ 1 ] [ 2 ] [ 3 ] [ 4 ] [ 5 ] [ 6 ] [ 7 ] [ 8 ] [ 9 ]
Posted on: 09-04-09 12:31:09
Quote:
Originally posted by viggy
Isn't unemployment numbers a lagging indicator?
Share markets gaining for 5 weeks now.. consumer spending index up.. decline in car sales has flattened... California real estate bouncing back... GTA real estate bouncing back... avg salary increasing... Permits for new housing (which is investment) is increasing...
What else is being waiting for to finally say the economy has bottomed out and starting to reverse?
Is this a bear market rally? Just wondering.
-----------------------------------------------------------------
Amit Kalia, Broker, REALTOR®
RE/MAX Real Estate Centre., Brokerage
independently owned & operated
100 City Centre Dr, Unit 1-702
Mississauga, ON L5B 2C9
Phone No.: 905-339-5111
Website: https://www.realestate-ontario.com/
Condo Blog: https://condopundit.com/blog/
Hi,
I have always been wondering how does the $ value change.
with drastic job losses in March, in order to keep panic under control, the only tool is to keep tsx steady or $ at a better shape.
everything is at such a low profile, but the $, this doesn't explain the recession.
any comments appreciated.
May be.. but then there are news like wells fargo posting a record 3 billion $ profit!! Bank stocks are going up....
http://news.yahoo.com/s/nm/20090409/bs_nm/us_wellsfargo
Also it looks like the credit crunch is easing out
I can't claim to be an expert in this field. Like many, I have studied economics, and world trade while doing my masters in business. At this time, more than ever, it is the media, the kite flying and the wild rumors that are harming people.
Agreed, the world economy is doing badly, the stock market tumbled like never before (except during the great depression), jobs were lost by the thousands everywhere. However there has to be a bottom, and things have to start looking up... that is one of the laws of nature. It can't be bad forever.
I have heard time and again that human nature yearns to hear about things going bad. There is a morbid curiosity in the human nature that seeks news about falling share prices, accidents, natural disasters and the like. The media, and some of the desis here who feel orgasmic to hear and convey such news.
The other day one of the screaming headlines on yahoo news was \"houses sell for less than the price of a car\"...... On closer examination, it was some house in Windsor that was listed for $25,000. On a Desi radio, I heard that one could buy a condo in Houston Texas, for $ 8000. Now how many houses can one find at this price? That's debatable.
Now that's what is what I call selective reporting, pandering to the base instincts of humans, who thrive on bad news. As someone who has been in the media business for 20 plus years, I can say that this kind of behavior is rampant, anywhere in the world.
Coming to when the market will look up, I see signs already. I may sound like an idiot to the unbelievers, but it is just a matter of months (and not years) before we see a lot of good things happening... there will be more job creation, world trade will flourish again and the real estate prices will stabilize.
I am a die hard optimist, and I am sure there are more like me, on this forum.
I agree with you. Granted - the media has to report on the prevailing/current market conditions. But to what extent you keep hearing about the negative news all throughout? Take for example, I switch on my TV for 6PM CBC news and their headline for the last few months is how bad the economy is doing. Now I have started predicting about what their first news would be. Yes, economy is doing bad. But when you only show the people or demographics that are suffering, it multiplies the sentiments. I for one, am a diehard optimist(alike the previous poster). However, how long could I be? If every evening I am fed with the negatives then it reinforces me with the same as well. That's the beauty of the media. If media keeps blabbering that they only report the truth then my response will be - c'mon stop this BS.
The bottomline (not the CBC's) in my mind is following. Believe it or not - media is equally responsible to some extent for generating the prevailing economic conditions with the negative news that spread like wildfire. Now, the same media must feed the sentiments of any good news in the market regardless of how minor it will be. Gone are the days of responsible journalism/reporting.
Quote:
Originally posted by febpreet
Now, the same media must feed the sentiments of any good news in the market regardless of how minor it will be.
... and I think it sure will... media just searches for tail of a news, and it knows very well how to convert it into a real news.... the moment economy starts giving it (media) hope that it can supply it with good news consistently for some time, everyone will be in the running to break the news first....but until then be prepared not to get any help from media atleast....
-----------------------------------------------------------------
Vik
Quote:
Originally posted by jinxed
All bear market rallies - dont be fooled - wells fargo profit is funded by tax payer - (directly through tarp or indirectly through AIG ) - if you are day trading its ok - still too dangerous for long term play.
None of the economic fundamentals has improved - biggest of them all unemployment will continue to worsen well into 2011 so expect no recovery
jinxed has posted above in another thread.
One should try to get the basics right. So long job losses will continue, expect no recovery.
Jobs are disappearing in Canada at a rate not seen since the deep recession of the early 1980s, new figures show and taking the unemployment rate eight per cent for the first time in seven years.
Since the peak in October, employment has fallen each month for a total of 357,000 jobs lost, representing 2.1 per cent of the workforce. That's a pace of contraction greater than at any time during the 1991 recession and equalling that of the more severe 1982 slump.
Derek Holt of Scotia Capital said the quick pace in which Canada is current shedding workers points to a downside risk that labour market contraction this year will be worse that even the more dire predictions so far. "While we've spoken to the risk of a half-million hit to employment this year, we're raising our views on the risks to the three-quarter million mark," he said. Holt says the current recession is broader in its impact across the country than the last two downturns. The jobless rate hit 13 per cent in the 1981-82 recession and approached 12 per cent in the early 1990s downturn.. "Every major sector of employment across all regions of the country is downsizing," he said, and some of those jobs, particularly in manufacturing, may never return.
Erin Weir of the United Steelworkers said the previous experience during the past two recessions shows that unemployment keeps rising long after the economy starts rebounding as employers hold off hiring until they are certain the recovery is for real.
Wealth destruction didn’t actually occur at the crash in 1929 but however it happened after a bounce in 1930 and in bear rallies lasted well into 1933.
Hope this helps!
Cheers!
Advertise Contact Us Privacy Policy and Terms of Usage FAQ Canadian Desi © 2001 Marg eSolutions Site designed, developed and maintained by Marg eSolutions Inc. |