well it was good while it lasted..........
The stock market
[URL unfurl="true"]https://finance.yahoo.com/news/november-jobs-report-payrolls-labor-department-2021-195757677.html[/URL]
Yup
[LIST]
[*]Unemployment rate: 4.2% vs. 4.5% expected, 4.6% in October
[/LIST]
WOW!
November jobs report: U.S. economy adds 210,000 jobs, unemployment falls to 4.2%
JULIE HYMAN: So it's
time for that jobs report
[[IMG alt="Yahoo Finance"]https://s.yimg.com/ny/api/res/1.2/tLSjLfMQhWJpZdAxhMUTBg--/YXBwaWQ9aGlnaGxhbmRlcjt3PTIzMjtoPTQ4O2NmPXdlYnA-/https://s.yimg.com/os/creatr-uploaded-images/2020-12/02246f50-3412-11eb-bfdd-de89f8b3b8b8[/IMG]]('http://finance.yahoo.com/')
[HEADING=2]November jobs report: Payrolls grew by 210,000, unemployment rate falls to 4.2%[/HEADING]
[[IMG alt="Emily McCormick"]https://s.yimg.com/ny/api/res/1.2/oBWREp4N_16RbTGCy1Xgjg--/YXBwaWQ9aGlnaGxhbmRlcjt3PTgwO2g9ODA7Y2Y9d2VicA--/https://s.yimg.com/os/creatr-uploaded-images/2019-12/494139e0-21da-11ea-bf2f-6d947035108a[/IMG]]('https://www.yahoo.com/author/emily-mccormick')
[Emily McCormick]('https://www.yahoo.com/author/emily-mccormick')
·Reporter
Fri, December 3, 2021, 8:31 AM·5 min read
U.S. employers have added back jobs on net [SIZE=7]in every month so far in 2021[/SIZE] as vaccinations, reopenings and a recovery in the high-contact services industries helped boost hiring.
The bigger the decline...the bigger the santa rally bounce!!!
schwing!!!
As an aside....Musk has been selling Tesla big time. 10Billion this month. ARK ETF Cathie Wood is getting clobbered, Docusign down 40% today...she had a massive position ....Cascade effect triggering margin calls and liquidation across the FANGS, Tech, Crypto and broader market.
On top of this you have legislation which is increasing the Capital Gains Tax starting Jan 1... Brilliant!!! Idea Commies.
Liquidation.... No Santa Rally.
Next two-3 weeks are going to be hairy.
Musk's financial team is giving him the numbers!! See, taxes do matter.
"If Musk follows through on selling 10% of his Tesla holding, he could end up shaving well over [$2 billion]('https://www.bloomberg.com/news/articles/2021-11-29/how-much-tax-does-elon-musk-save-by-moving-to-texas-and-selling-tesla-stock') off his tax bill as a result of his move to Texas from California last year, according to calculations by Bloomberg News. The Golden State is home to the nation’s highest income taxes on the wealthy, while Texas has no state income tax or capital-gains tax on individuals."
Many challenges ahead.
when isn't there?
[HEADING=2]JPMorgan Strategist Says Buy the Dip as Omicron May Accelerate Pandemic’s End[/HEADING]
By
[Joanna Ossinger]('https://www.bloomberg.com/authors/AP2zQ3B9yhw/joanna-ossinger')
+Get Alerts
JPMorgan Strategist Says Buy the Dip as Omicron May Accelerate Pandemic’s End
[she's goin' for broke]('https://finance.yahoo.com/quote/EL?p=EL')
.............even if you're old and gray."
"Well, it's alright.
............you still got something to say."
with the rest of the Market in the red [she managed to hit a new 52 week high]('https://finance.yahoo.com/quote/EL?p=EL')
(y)
.............even if you're old and gray."
"Well, it's alright.
............you still got something to say."
Sign in to reply to this thread.
