The stock market

[longcast]

November jobs report: Payrolls grew by 210,000, unemployment rate falls to 4.2%

The U.S. economy added back fewer jobs than expected in November, while the unemployment rate fell further than anticipated.

finance.yahoo.com

Yup

 

[movetheboat]

• Unemployment rate: 4.2% vs. 4.5% expected, 4.6% in October

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

November jobs report: Payrolls grew by 210,000, unemployment rate falls to 4.2%​

Emily McCormick
·Reporter
Fri, December 3, 2021, 8:31 AM·5 min read



U.S. employers have added back jobs on net in every month so far in 2021 as vaccinations, reopenings and a recovery in the high-contact services industries helped boost hiring.

 

[movetheboat]

The bigger the decline...the bigger the santa rally bounce!!!

schwing!!!

 

[dsedy]

Crypto getting crushed! Just laced in some buys after being all in cash:

ETH at $4103
AVAX at $102.3

Might drop more but have to be in a little at these prices down 10%...more cash available

 

[CELLFISH]

somebody check in with MTB…

.

 

[dsedy]

Crypto getting crushed! Just laced in some buys after being all in cash:

ETH at $4103
AVAX at $102.3

Might drop more but have to be in a little at these prices down 10%...more cash available

Out of ETH 4239. Made $300

 

[dsedy]

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.

 

[longcast]

Musk's financial team is giving him the numbers!! See, taxes do matter.

 

[longcast]

somebody check in with MTB…

.
View attachment 41246

That was perfect!!

 

[dsedy]

down 9000 points since yesterday at 11am....

 

[longcast]

Many challenges ahead.

 

[dsedy]

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 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."

Elon Musk’s Tesla Share Sales Pass the $10 Billion Mark

Elon Musk’s offloading of Tesla Inc. shares surpassed the $10 billion mark as he sold stock in the electric-car maker for the fourth consecutive week.

www.bloomberg.com

 

[movetheboat]

Many challenges ahead.

when isn't there?

 

[movetheboat]

down 9000 points since yesterday at 11am....

View attachment 41277

ooooops!!!

 

[movetheboat]

JPMorgan Strategist Says Buy the Dip as Omicron May Accelerate Pandemic’s End​

By
Joanna Ossinger
+Get Alerts

JPMorgan Strategist Says Buy the Dip as Omicron May Accelerate Pandemic’s End

 

[longcast]

Dow Jones Rises More Than 600 Points While Small-Caps Outperform; Travel Stocks Surge; Homebuilding Stocks Score Breakouts

The Dow Jones gained over 600 points in today's stock market as stocks continued to whipsaw back and fourth between up days and down days.

www.investors.com

 

[wader]

she's goin' for broke

 

[wader]

with the rest of the Market in the red she managed to hit a new 52 week high

 

[longcast]

I keep asking, how much higher!!! LOL.

 

[OVERBORED]

Any speculation on when (if) a correction takes place?