4,130 – That's where we started this week.
4,127 – That's where we are this morning. It only SEEMS like a bad week because we had that silly rally on Wednesday that got our hopes up but, on the whole, it's been a good, solid consolidation week DESPITE some disappointing data. This morning, the NFP Report shows that we added 428,000 jobs – that's not what a depressed economy does and there are 11.2M jobs available – enough for anyone who doesn't like the job they have to find another one.
So yes, that's driving wages higher and that's causing some inflation but transferring money from Corporations to the Workers is the good kind of Inflation in this Capitalist Hellscape we've allowed to consume our once-thriving Middle Class. And, by the way, when someone saying something like that smacks of Communism – don't think about how liberal I am but think about how Conservative our thinking has been programmed to be that the very idea of workers getting their fair share of the profits they WORKED for seems like a radical idea these days.
IN PROGRESS
You must login to see all of Phil's posts. To read the rest of this article now, along with Phil's live intra-day comments, live trading ideas, Phil's market calls, additional member comments, and other members-only features - Subscribe to Phil's Stock World by clicking here.
To signup for a free trial membership, click here.
Do you know someone who would benefit from this information? We can send your friend a strictly confidential, one-time email telling them about this information. Your privacy and your friend's privacy is your business... no spam! Click here and tell a friend!
