Overheard on StockTwits: Jobless Rally

• zerobeta
• November 6th, 2009

Each day we comb the StockTwits stream to bring you the morning vibe.  Here's what we found today:

The daytrader's casino formerly known as $AIG disappointed the street with their earnings this morning.  Stock down almost 10%.

Hilarious.

The stream was flooded with shock at the 10.2% unemployment number this morning.

I wonder if CNBC pundits will spin their own layoffs as positive when $CMCSA cans them.

Just an awesome call at the time, as the market indeed did come back.

There are so many lurkers on StockTwits.  Nice to see one come out and say hi!

Awesome comment.

Great comment.  Unemployment will always be a lagging indicator in that it is usually the last to turn around but you can't use that to justify the fact that high unemployment numbers are good.  There is no value in thinking because unemployment is high it won't get higher or just sit here for a while.

Funny!

$AONE is now trading at below the price it went public at.  Not a good sign for those companies looking to access the public markets and markets in general.

Very confused/confusing market. IMHO, we've entered into the "good news is bad/bad news is good" phase - which can be quite confusing.

$AMZN is definitely pricey, but it seems that the market in generally is paying a premium for growth where it is available.

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