There, There, Harry...

Harry basically stood in position for the rest of the session, not moving any further south - closing the day at -12.87%. Oh, my love! We're going to get through this - and together, we'll achieve market bliss once again when retail sales come in better than expected after the Santa Clause Rally. Don't you want to fill my order at $9.99?

This year, the US economy created 668,000 net NFP jobs, which means people with jobs will want to buy Made In China stuff. China managed to make it through relatively unscathed, so I'm looking for further growth in China now that job creation is back. Recall I mentioned that I thought China's economy has now reached the point of no return a few months back. Now that the US economy is stabilising, this will add to the global momentum.

This also means that I'm going to have to get myself a new job before the new MBA class graduates in May. I did some fun analysis and if job creation continues at this pace, I may find myself a new job just before the MBAs hit the ground running. If we take the top 10% of all MBA graduates from the top 15 universities in the world, I'm competing against about 4800 people. Not all of them will be looking for marketing jobs. 8-10 six figure marketing jobs are being added on a daily basis. If all these 4800 people look for marketing jobs, I'll have to spend about 11 to 20 months looking for a new job. However, it would be a stretch to say that even 45% of these people have majored in marketing. So let's say they did. If so, then I'd be competing with 2160 people, which means that I could be looking at 5 to 9 months of Do Not Pass Go, Do Not Collect Six Figures, Go Straight To Yale.

I think (and pray) that I'll find a job much sooner. My backup plan is to line up my ducks and look for an internship within the financial services industry once I get back to my home sweet home. I've also got about a year of expenses saved up, so bet your market bottom I've got a trading ego the size of Belgium. LOL.

All my analysis amounts to null today. My dear Harry ran the other direction, leaving me with a pitiful:

-6.22% on the SBA (yes, unfortunately that is a 6)
+0.83% on the Roth IRA

Happy, Happy Weekend my fellow HSFTs / Professors of Finance!