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	<title>Comments on: How Many Hours of Work Are Required to Purchase S&amp;P?</title>
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	<link>http://www.ritholtz.com/blog/2009/09/how-many-hours-labor-are-required-to-purchase-sp/</link>
	<description>Macro Perspective on the Capital Markets, Economy, Geopolitics, Technology, and Digital Media</description>
	<lastBuildDate>Tue, 14 Feb 2012 23:28:32 +0000</lastBuildDate>
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	<item>
		<title>By: constantnormal</title>
		<link>http://www.ritholtz.com/blog/2009/09/how-many-hours-labor-are-required-to-purchase-sp/comment-page-2/#comment-214291</link>
		<dc:creator>constantnormal</dc:creator>
		<pubDate>Fri, 11 Sep 2009 04:26:32 +0000</pubDate>
		<guid isPermaLink="false">http://www.ritholtz.com/blog/?p=37899#comment-214291</guid>
		<description>Funny, the assumptions involved here ... that the value of labor is the same in each of the periods, that the value of the S&amp;P is the same ... and that only the willingness of people to pay more/less of their labor to purchase the S&amp;P is what has changed.

There are more degrees of freedom here than there are variables.  It&#039;s all nonsense.</description>
		<content:encoded><![CDATA[<p>Funny, the assumptions involved here &#8230; that the value of labor is the same in each of the periods, that the value of the S&amp;P is the same &#8230; and that only the willingness of people to pay more/less of their labor to purchase the S&amp;P is what has changed.</p>
<p>There are more degrees of freedom here than there are variables.  It&#8217;s all nonsense.</p>
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		<title>By: Wes Schott</title>
		<link>http://www.ritholtz.com/blog/2009/09/how-many-hours-labor-are-required-to-purchase-sp/comment-page-2/#comment-214228</link>
		<dc:creator>Wes Schott</dc:creator>
		<pubDate>Fri, 11 Sep 2009 01:03:02 +0000</pubDate>
		<guid isPermaLink="false">http://www.ritholtz.com/blog/?p=37899#comment-214228</guid>
		<description>@amen -

that rhythm looks ominous

so, does that mean it is not?, LB?, Diogenes?

$=toast, unless all credit/debt collapses</description>
		<content:encoded><![CDATA[<p>@amen -</p>
<p>that rhythm looks ominous</p>
<p>so, does that mean it is not?, LB?, Diogenes?</p>
<p>$=toast, unless all credit/debt collapses</p>
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		<title>By: franklin420d</title>
		<link>http://www.ritholtz.com/blog/2009/09/how-many-hours-labor-are-required-to-purchase-sp/comment-page-2/#comment-214227</link>
		<dc:creator>franklin420d</dc:creator>
		<pubDate>Fri, 11 Sep 2009 01:00:09 +0000</pubDate>
		<guid isPermaLink="false">http://www.ritholtz.com/blog/?p=37899#comment-214227</guid>
		<description>@ CNBC sucks  &quot;The Great CNBC Sucks is an ass.&quot;

Hey we all have to be good at something :)</description>
		<content:encoded><![CDATA[<p>@ CNBC sucks  &#8220;The Great CNBC Sucks is an ass.&#8221;</p>
<p>Hey we all have to be good at something :)</p>
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		<title>By: AmenRa</title>
		<link>http://www.ritholtz.com/blog/2009/09/how-many-hours-labor-are-required-to-purchase-sp/comment-page-2/#comment-214225</link>
		<dc:creator>AmenRa</dc:creator>
		<pubDate>Fri, 11 Sep 2009 00:39:28 +0000</pubDate>
		<guid isPermaLink="false">http://www.ritholtz.com/blog/?p=37899#comment-214225</guid>
		<description>As the dollar turns: &lt;a href=&quot;http://www.charthub.com/images/2009/09/10/USD_Monthly_TLB_w_dates.png&quot; rel=&quot;nofollow&quot;&gt;USD Monthly TLB by AmenRa&lt;/a&gt;

Not looking good for the greenback.</description>
		<content:encoded><![CDATA[<p>As the dollar turns: <a href="http://www.charthub.com/images/2009/09/10/USD_Monthly_TLB_w_dates.png" rel="nofollow">USD Monthly TLB by AmenRa</a></p>
<p>Not looking good for the greenback.</p>
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		<title>By: franklin420d</title>
		<link>http://www.ritholtz.com/blog/2009/09/how-many-hours-labor-are-required-to-purchase-sp/comment-page-2/#comment-214224</link>
		<dc:creator>franklin420d</dc:creator>
		<pubDate>Fri, 11 Sep 2009 00:29:54 +0000</pubDate>
		<guid isPermaLink="false">http://www.ritholtz.com/blog/?p=37899#comment-214224</guid>
		<description>FYI - farmacy with a ph is a filtered word.</description>
		<content:encoded><![CDATA[<p>FYI &#8211; farmacy with a ph is a filtered word.</p>
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		<title>By: franklin420d</title>
		<link>http://www.ritholtz.com/blog/2009/09/how-many-hours-labor-are-required-to-purchase-sp/comment-page-2/#comment-214223</link>
		<dc:creator>franklin420d</dc:creator>
		<pubDate>Fri, 11 Sep 2009 00:29:03 +0000</pubDate>
		<guid isPermaLink="false">http://www.ritholtz.com/blog/?p=37899#comment-214223</guid>
		<description>Uncle Harry – On your assumption that some unemployment is good.

In the late 80’s, early 90’s, I worked at a store, one of the ladies I worked with and myself worked our butts off, we offered superior customer service and innovated ideas the owner never thought of, as a consequence of our hard work the store grew leaps and bounds. After the owner bought everything he ever wanted and more, he had no place to put his money, so he started hiring new employees, we went from 4 full time employees to 9 and production went down, I caught an employee stealing ($500) and told the owner, he did not care. The original lady and I got tired of how things were going and quit. 

My point is that excess money needs to go some where and after companies purchase everything they ever thought they needed, they will hire extra people, too many extra people and productivity declines and unethical behavior increases.

Therefore I 100% agree with your assumption that some unemployment is good, but after we quit the store started a tail spin that it never recovered from and he eventually closed his store. 

But what is the equilibrium? And once it is crossed by hiring too many employees, what is the equilibrium number for returned productivity and was too many key jobs are lost can that equilibrium ever return to that business. I don’t ask you this question because I think you have the answer (You or no one can have those answers) I ask the question because those are just a few of the things that concern me. 

Further more you make the assertion that the crisis was manufactured in the first place.
4:40pm “Mannwich: I read some very interesting articles regarding the exaggeration of the crisis from political points of view.” 

So doesn’t it also hold true that the recovery may be being exaggerated for political purposes?

Anyway – I talked with your doctor today and he said it was ok to up your meds, so hopefully this will keep some of your more tourette like outbursts under control.
And tell my little bro I miss him and when he comes back home to pick me up a bag of smokes.</description>
		<content:encoded><![CDATA[<p>Uncle Harry – On your assumption that some unemployment is good.</p>
<p>In the late 80’s, early 90’s, I worked at a store, one of the ladies I worked with and myself worked our butts off, we offered superior customer service and innovated ideas the owner never thought of, as a consequence of our hard work the store grew leaps and bounds. After the owner bought everything he ever wanted and more, he had no place to put his money, so he started hiring new employees, we went from 4 full time employees to 9 and production went down, I caught an employee stealing ($500) and told the owner, he did not care. The original lady and I got tired of how things were going and quit. </p>
<p>My point is that excess money needs to go some where and after companies purchase everything they ever thought they needed, they will hire extra people, too many extra people and productivity declines and unethical behavior increases.</p>
<p>Therefore I 100% agree with your assumption that some unemployment is good, but after we quit the store started a tail spin that it never recovered from and he eventually closed his store. </p>
<p>But what is the equilibrium? And once it is crossed by hiring too many employees, what is the equilibrium number for returned productivity and was too many key jobs are lost can that equilibrium ever return to that business. I don’t ask you this question because I think you have the answer (You or no one can have those answers) I ask the question because those are just a few of the things that concern me. </p>
<p>Further more you make the assertion that the crisis was manufactured in the first place.<br />
4:40pm “Mannwich: I read some very interesting articles regarding the exaggeration of the crisis from political points of view.” </p>
<p>So doesn’t it also hold true that the recovery may be being exaggerated for political purposes?</p>
<p>Anyway – I talked with your doctor today and he said it was ok to up your meds, so hopefully this will keep some of your more tourette like outbursts under control.<br />
And tell my little bro I miss him and when he comes back home to pick me up a bag of smokes.</p>
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		<title>By: franklin420d</title>
		<link>http://www.ritholtz.com/blog/2009/09/how-many-hours-labor-are-required-to-purchase-sp/comment-page-2/#comment-214221</link>
		<dc:creator>franklin420d</dc:creator>
		<pubDate>Fri, 11 Sep 2009 00:27:20 +0000</pubDate>
		<guid isPermaLink="false">http://www.ritholtz.com/blog/?p=37899#comment-214221</guid>
		<description>Uncle Harry – On your assumption that some unemployment is good.

In the late 80’s, early 90’s, I worked at a pharmacy, one of the ladies I worked with and myself worked our butts off, we offered superior customer service and innovated ideas the owner never thought of, as a consequence of our hard work the store grew leaps and bounds. After the pharmacist bought everything he ever wanted and more, he had no place to put his money, so he started hiring new employees, we went from 4 full time employees to 9 and production went down, I caught an employee stealing ($500) and told the owner, he did not care. The original lady and I got tired of how things were going and quit. 

My point is that excess money needs to go some where and after companies purchase everything they ever thought they needed, they will hire extra people, too many extra people and productivity declines and unethical behavior increases.

Therefore I 100% agree with your assumption that some unemployment is good, but after we quit the store started a tail spin that it never recovered from and he eventually closed his store. 

But what is the equilibrium? And once it is crossed by hiring too many employees, what is the equilibrium number for returned productivity and was too many key jobs are lost can that equilibrium ever return to that business. I don’t ask you this question because I think you have the answer (You or no one can have those answers) I ask the question because those are just a few of the things that concern me. 

Further more you make the assertion that the crisis was manufactured in the first place.
4:40pm “Mannwich: I read some very interesting articles regarding the exaggeration of the crisis from political points of view.” 

So doesn’t it also hold true that the recovery may be being exaggerated for political purposes?

Anyway – I talked with your doctor today and he said it was ok to up your meds, so hopefully this will keep some of your more tourette like outbursts under control.
And tell my little bro I miss him and when he comes back home to pick me up a bag of smokes.</description>
		<content:encoded><![CDATA[<p>Uncle Harry – On your assumption that some unemployment is good.</p>
<p>In the late 80’s, early 90’s, I worked at a pharmacy, one of the ladies I worked with and myself worked our butts off, we offered superior customer service and innovated ideas the owner never thought of, as a consequence of our hard work the store grew leaps and bounds. After the pharmacist bought everything he ever wanted and more, he had no place to put his money, so he started hiring new employees, we went from 4 full time employees to 9 and production went down, I caught an employee stealing ($500) and told the owner, he did not care. The original lady and I got tired of how things were going and quit. </p>
<p>My point is that excess money needs to go some where and after companies purchase everything they ever thought they needed, they will hire extra people, too many extra people and productivity declines and unethical behavior increases.</p>
<p>Therefore I 100% agree with your assumption that some unemployment is good, but after we quit the store started a tail spin that it never recovered from and he eventually closed his store. </p>
<p>But what is the equilibrium? And once it is crossed by hiring too many employees, what is the equilibrium number for returned productivity and was too many key jobs are lost can that equilibrium ever return to that business. I don’t ask you this question because I think you have the answer (You or no one can have those answers) I ask the question because those are just a few of the things that concern me. </p>
<p>Further more you make the assertion that the crisis was manufactured in the first place.<br />
4:40pm “Mannwich: I read some very interesting articles regarding the exaggeration of the crisis from political points of view.” </p>
<p>So doesn’t it also hold true that the recovery may be being exaggerated for political purposes?</p>
<p>Anyway – I talked with your doctor today and he said it was ok to up your meds, so hopefully this will keep some of your more tourette like outbursts under control.<br />
And tell my little bro I miss him and when he comes back home to pick me up a bag of smokes.</p>
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		<title>By: AmenRa</title>
		<link>http://www.ritholtz.com/blog/2009/09/how-many-hours-labor-are-required-to-purchase-sp/comment-page-2/#comment-214216</link>
		<dc:creator>AmenRa</dc:creator>
		<pubDate>Fri, 11 Sep 2009 00:15:51 +0000</pubDate>
		<guid isPermaLink="false">http://www.ritholtz.com/blog/?p=37899#comment-214216</guid>
		<description>For those who like the magic charts. Monthly reversals are major trend changes when using TLB. This chart I&#039;m linking to uses the S&amp;P from 02/98 to today.

It was trending up until 07/98. Reversed down 10/98. Not confirmed following month which closed higher (11/98). Started trending up 02/99. Stayed in trend until 10/00. Broke through reversal price in 01/01. Confirmed by a lower monthly close following month. Note: the market can take as long as it wants to confirm or negate a reversal. Started trending down 07/01. Stayed in trend until 09/03. Reversed up in 10/03. Started trending up 12/03. Stayed in trend until 04/06. Reversed down 08/06. Reversal negated with higher close in 09/06. Started trending up in 11/06. Stayed in trend until 12/07. Reversed down in 01/08. Started trending down in 05/08. Stayed in trend until 06/09. Reversed up in 07/09. If September closes higher then it will be trending up again. Current reversal price is a monthly close below 825.88.

Chart here: &lt;a href=&quot;http://www.charthub.com/images/2009/09/10/SP500.png&quot; rel=&quot;nofollow&quot;&gt;S&amp;P Monthly TLB by AmenRa&lt;/a&gt;</description>
		<content:encoded><![CDATA[<p>For those who like the magic charts. Monthly reversals are major trend changes when using TLB. This chart I&#8217;m linking to uses the S&amp;P from 02/98 to today.</p>
<p>It was trending up until 07/98. Reversed down 10/98. Not confirmed following month which closed higher (11/98). Started trending up 02/99. Stayed in trend until 10/00. Broke through reversal price in 01/01. Confirmed by a lower monthly close following month. Note: the market can take as long as it wants to confirm or negate a reversal. Started trending down 07/01. Stayed in trend until 09/03. Reversed up in 10/03. Started trending up 12/03. Stayed in trend until 04/06. Reversed down 08/06. Reversal negated with higher close in 09/06. Started trending up in 11/06. Stayed in trend until 12/07. Reversed down in 01/08. Started trending down in 05/08. Stayed in trend until 06/09. Reversed up in 07/09. If September closes higher then it will be trending up again. Current reversal price is a monthly close below 825.88.</p>
<p>Chart here: <a href="http://www.charthub.com/images/2009/09/10/SP500.png" rel="nofollow">S&amp;P Monthly TLB by AmenRa</a></p>
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		<title>By: CNBC Sucks</title>
		<link>http://www.ritholtz.com/blog/2009/09/how-many-hours-labor-are-required-to-purchase-sp/comment-page-2/#comment-214204</link>
		<dc:creator>CNBC Sucks</dc:creator>
		<pubDate>Thu, 10 Sep 2009 23:45:15 +0000</pubDate>
		<guid isPermaLink="false">http://www.ritholtz.com/blog/?p=37899#comment-214204</guid>
		<description>@ Thor -- That is the sweetest thing anyone has ever said to me on this blog.  From the man with biceps no less.  Thank you.

@ ahab - The thing about football is that the ball is shaped funny and stars get injured all the time.  Regardless of how much I make affectionate fun of your roster, you just never know what will happen.  In this regard, fantasy football is intellectually a superior endeavor compared to the stock market, where it is a foregone conclusion that the US government will do anything in its power to make sure the Dow Jones False Prophet Index will keep going up and up and up, no matter the ultimate consequences to the people or the nation&#039;s future.  In any case, The Great CNBC Sucks wuvs you all too.

Just as long as you are...FASHION-FORWARD.  ;)</description>
		<content:encoded><![CDATA[<p>@ Thor &#8212; That is the sweetest thing anyone has ever said to me on this blog.  From the man with biceps no less.  Thank you.</p>
<p>@ ahab &#8211; The thing about football is that the ball is shaped funny and stars get injured all the time.  Regardless of how much I make affectionate fun of your roster, you just never know what will happen.  In this regard, fantasy football is intellectually a superior endeavor compared to the stock market, where it is a foregone conclusion that the US government will do anything in its power to make sure the Dow Jones False Prophet Index will keep going up and up and up, no matter the ultimate consequences to the people or the nation&#8217;s future.  In any case, The Great CNBC Sucks wuvs you all too.</p>
<p>Just as long as you are&#8230;FASHION-FORWARD.  ;)</p>
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		<title>By: call me ahab</title>
		<link>http://www.ritholtz.com/blog/2009/09/how-many-hours-labor-are-required-to-purchase-sp/comment-page-2/#comment-214201</link>
		<dc:creator>call me ahab</dc:creator>
		<pubDate>Thu, 10 Sep 2009 23:24:58 +0000</pubDate>
		<guid isPermaLink="false">http://www.ritholtz.com/blog/?p=37899#comment-214201</guid>
		<description>&quot;The Great CNBC Sucks is an ass.&quot;

will anyone challenge this statement?

much akin to saying the sun rises in the east and sets in the west- or-

autumn follows summer-

self evident-

however- i don&#039;t want CNBC to think he isn&#039;t wanted-  

we love you man</description>
		<content:encoded><![CDATA[<p>&#8220;The Great CNBC Sucks is an ass.&#8221;</p>
<p>will anyone challenge this statement?</p>
<p>much akin to saying the sun rises in the east and sets in the west- or-</p>
<p>autumn follows summer-</p>
<p>self evident-</p>
<p>however- i don&#8217;t want CNBC to think he isn&#8217;t wanted-  </p>
<p>we love you man</p>
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