Stocks rally on jobless-claims report

I don't know...the economy sucks and is not coming back anytime soon....but I sleep good at night. All snug and comfy knowing I'm the King of Silver.

Soon I'll be employing people to work on my ponderosa for a silver dollar a week. You got to take care of yourself and understand the dollar index....nobody is going to do your homework but you.

A jobless recovery is an oxymoron. You cant recover without jobs or production. Most of the profits posted this quarter are from cutting jobs, cutting production, and liquidation. Its not sustainable. The reality of the severity of the situiation will make itself known very soon. Government and wall street cant keep up this charade much longer.

By the way the dow hitting 10,000 means nothing, its only nomial.  The dow hit 10,000 in 2001 but the dollar was worth almost 3 times more in terms of gold than it is now. Dont think of stock prices in terms of dollars, think of them in terms of purchasing power, and you will see that the dow is really closer to 3 or 4000 in terms of real value. As long as the market keeps getting flooded with printed money then stock prices will continue to rise nominally but will continue to fall in real value.

Tell me again why we should give someone 6500 to buy a home?  Why don't we give everyone that is current on the mortgage and owns a home the 6500?   These government incentives cost money.  They are nothing more than a DEFERRED TAX INCREASE...  It is really stupid to continue giving incentives to prop up the real estate bubble...   Interest tax deductions, first 500,000 in real estate profits tax free, 8,000 tax credits, deductions for real estate taxes, low interest loans (FHA, etc).

Imagine the stock market...zero money down, 1st 500K in profits tax free, 8,000 first time stock buyers tax credit...The market would look like Vegas...or worse the real estate market.  Let prices fall...  

Housing, like autos, grow old and should depreciate.  This idea that housing should grow in value is utter nonsense. 

End the government subsidies...

To: PSAztec

How many consumers buy tanks, rockets, ships and raw steel?  No matter how one dices, slices and twists the numbers, we still have over 1/2 a million people a month losing their jobs.  Hardly an atmosphere of "recovery".  There are so many government incentives to make the numbers look good.  Cash for Clunkers,  home tax rebates etc etc etc.  These are hardly incentives to an economy on the mend!  For the most part, the middle class is on government life support and a new form of welfare.  How sweet it is huh? 

IN RESPONSE TO SPEAK TRUTHFULLY'S COMMENTS.

many posting were getting the number on initial jobless claims mixed up with the total unemployment number.  The total unemployment number is falling due to peoples benefits running out and falling off the record, but in part they are still correct that the number of initial jobless claims is misleading.  It doesn't take into account that MANY corporations, large-medium-small businesses, and municipalities are drastically cutting back current employee hours.  In some cases to as low as 32 hours a week as well as trimming the benefits they were once getting to nothing at all or the absolute minimums.  As well as the hours and benefits reduction, is to tell all the employees that many will get laid off unless some start taking "furloughs" in order to reduce costs and save their fellow employees job.  FYI "furlough" means don't come into work this week and take no pay.  In a sense temporarily and voluntarily (<------ in some cases) unemploy yourself for a week or two at a time and or a day or two a week or month.  So ........ yes .......... they aren't "unemployed". As well those that still have jobs are to take on their own responsibilities as well as the work of those that have been let go.  So in essence they are working 1.5 jobs for the same or less pay and trying to do it in fewer hours. The reason that this is now occurring is that business, corporate, and municipalities have in the last couple quarters made drastic cost cuts and drawn down inventories, but still face tremendous shortfalls unless they are being propped up by the federal gov't ( i.e. banking, insurance companies (a.i.g.) wall street, housing market, car makers, etc ....... ).  So ....... yes ........... speak truthfully you are technically correct in your assessment of initial jobless claims, but the number is no where near the reality of what is going on in our country, states, and our communities.  I could go on and on about other numbers that wall street and banking analysts say are pointing to a "V" shaped recovery or whatever the saying is this month, but the story is the same.  The numbers do not reflect the current situation accurately.  I know that many out there with many more degrees than I will debate these points to the contrary, citing a positive GDP, ISM+ number, productivity +, etc ...... but there are similar problems with those index as well. I think that people are trying to speak their minds and or feelings about these issues and may reference a wrong number or mis quote a number in the wrong way. But the underlying causes for those feelings remain the same and are undeniable.