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The only difference is that the market seems to have been caught somewhat by surprise by the report whereas we were not surprised and, additionally, we anticipate a gloomy future for the U.S. job market for quite some time. To understand the disappointment, one needs to drill down into the jobs data. The U.S. Labor Department reported that nonfarm payrolls rose by 431,000 last month. On the surface, this sounded very promising for an economy that needs to put its citizens back to work to help fuel a stalling economic recovery. However, it was also reported that economists were expecting approximately 515,000 jobs to be ...
Choose a few stocks that are likely to produce above-average returns over the long haul, concentrate the bulk of your investments in those stocks, and have the fortitude to hold steady during any short-term market gyrations. An excerpt from The Warren Buffett Way, Second Edition by Robert G. Hagstrom. Status Quo: A Choice of Two The current state of portfolio management, as practiced by everyone else, appears to be locked into a tug-of-war between two competing strategies -- active portfolio management and index investing. Active portfolio managers are constantly at work buying and selling ... Read More
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Launch of YelloRewards by NDTVjobs.com powered by Yellojobs.com India
The YouTube Interview with President Obama
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