Locator: 49970CRAMER.
Miscellaneous
Jobs: prime-age labor force participation rate rose to 84% in January -- highest since March 2001 -- no typo -- since 2001 -- that's 24 years ago. A lot of those folks can now afford iPhones and MacBook Air laptops.
I wonder if the chart aabove will help Steve Liesman sort out the data. From yesterday:
Jobs reports was a stunner -- in a good way! Blockbuster! Huge revision on the upside. 130K vs 55K. Way better than expected.
Unemployment rate drops from 4.4% to 4.3%. Average hourly earnings actually drops a bit. No wage inflation. Steve Liesman is confused. Probably greatly upset. Steve Liesman says "take the numbers with a grain of salt." Global GDP will take off; led by the US. CNBC is having trouble saying these are good numbers. Steve Liesman says we need to wait for another sample. It gets tedious. LOL. NYTimes jobs report here. Incredible amount of good news, surprising news.
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Cramer's First Ten Minutes
Comments later.
Cramer is off today and wow, what a boring show when he's not on. Mike Santoli is really, really good but doesn't add much with the other two -- three clones. Cramer really plays off the other two nicely. So, done with that show at 8:21 and off the net and the business shows until late this afternoon. Good luck to everyone.
AAPL dividend paid today.
Crawler today:
- all major indices green
- AMD: up $2
- MU: up $14
- CMI: up $10
- CSCO: down $6
- QCOM: up $1
- ORCL: up $1
- INTC: flat to slightly negative
- CAT: down $1
- TSM: up $6
Last week at monthly Schwab luncheon: discussing bonds and difference between 3.4% and 3.3%. And that topic is held in rotation every four months. And how bonds should be a part of one's portfolio.