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A comment on Payroll employment rises by 353K in January; unemployment rate remains at 3.7%. Parent comment

Re:Payroll employment rises by 353K in January; unemployment... by laidoffamazon on Friday February 02, 2024 @02:27PM (#39233036)
OK but we had this for basically all of last year as inflation moderated and jobs kept growing until suddenly good news meant good news to the market.

$SPX is at an all time high right now at $494. That's insane. I bought in at ~$360 in 2022.

[ Parent | on HN ]
Re:Payroll employment rises by 353K in January; unemployment... by lamontcg on Friday February 02, 2024 @06:57PM (#39236173)
Good, but now you should probably be considering when to exit that trade and book your profits.
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Re:Payroll employment rises by 353K in January; unemployment... by eru on Friday February 02, 2024 @08:55PM (#39236904)
Why? Don't try to time the market, especially if you are a passive index investor. (If you do believe in active investing, why are you investing in the S&P500?)

Just buy when you have money, and liquidate your investment when you need money.

[ Parent | on HN ]