{"id":179,"date":"2009-07-05T10:35:00","date_gmt":"2009-07-05T14:35:00","guid":{"rendered":"http:\/\/www.intuitiveinvestor.com\/web\/?p=179"},"modified":"2018-08-23T09:39:42","modified_gmt":"2018-08-23T13:39:42","slug":"grab-a-parachute","status":"publish","type":"post","link":"https:\/\/jasonapollovoss.com\/web\/2009\/07\/05\/grab-a-parachute\/","title":{"rendered":"Grab a parachute?"},"content":{"rendered":"<p><span style=\"font-size: 16px;\">Investors sold off shares of American business like crazy on Thursday and Friday. The stock markets fell ~5% depending on which index is your favorite to look at. Should we be grabbing parachutes to brace for a bigger fall? I don&#8217;t think so and here&#8217;s why&#8230;<\/span><\/p>\n<p><span style=\"font-size: 16px;\">The news that triggered the sell off was higher than expected <span id=\"SPELLING_ERROR_0\" class=\"blsp-spelling-error\">unemployment<\/span> numbers that pushed the <span id=\"SPELLING_ERROR_1\" class=\"blsp-spelling-error\">unemployment<\/span> rate up to 9.5%. This is a reason to sell shares. However, most of the information that I have read for the last several months has said that economists expect <span id=\"SPELLING_ERROR_2\" class=\"blsp-spelling-error\">unemployment<\/span> to rise above 10% even <em>after<\/em> GDP turns positive. Even the Federal Reserve, which is famously careful in its estimates, had a similar projection for <span id=\"SPELLING_ERROR_3\" class=\"blsp-spelling-error\">unemployment<\/span>. What that tells me is that there was about 5% worth of upward returns in the market that was from speculative investors &#8211; those that bail at the first sign of their investment thesis being violated.<\/span><\/p>\n<p><span style=\"font-size: 16px;\">The coming week will be telling because earnings reports from businesses are about to join the news flow along side general economic reports. How investors respond to, what I feel will be, a positive earnings season will be very telling.<\/span><\/p>\n<p><span style=\"font-size: 16px;\">I hope that everyone had a wonderful <span id=\"SPELLING_ERROR_4\" class=\"blsp-spelling-error\">Independence<\/span> Day!<\/span><\/p>\n<p><span style=\"font-size: 16px;\">Jason<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Investors sold off shares of American business like crazy on Thursday and Friday. The stock markets fell ~5% depending on which index is your favorite to look at. Should we be grabbing parachutes to brace for a bigger fall? I don&#8217;t think so and here&#8217;s why&#8230; The news that triggered the sell off was higher [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[3],"tags":[],"class_list":["post-179","post","type-post","status-publish","format-standard","hentry","category-the-blog"],"_links":{"self":[{"href":"https:\/\/jasonapollovoss.com\/web\/wp-json\/wp\/v2\/posts\/179","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/jasonapollovoss.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/jasonapollovoss.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/jasonapollovoss.com\/web\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/jasonapollovoss.com\/web\/wp-json\/wp\/v2\/comments?post=179"}],"version-history":[{"count":0,"href":"https:\/\/jasonapollovoss.com\/web\/wp-json\/wp\/v2\/posts\/179\/revisions"}],"wp:attachment":[{"href":"https:\/\/jasonapollovoss.com\/web\/wp-json\/wp\/v2\/media?parent=179"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/jasonapollovoss.com\/web\/wp-json\/wp\/v2\/categories?post=179"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/jasonapollovoss.com\/web\/wp-json\/wp\/v2\/tags?post=179"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}