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July 2009 Jobs Report
- Thread starter Roman Candle
- Start date
TrimTabs Continues Throwing Sand In The Eyes Of Fake Economic Data
http://www.zerohedge.com/article/trimtabs-continues-throwing-sand-eyes-fake-economic-data
Anyone else seen this?
I just saw Rick Santelli mentioning this on CNBC and he says there could be an upwards revision of first 1/2 jobs losses of +1M
Now as a trader my gut says the bulls have control right now and to just buy dips after the non farm lottery figures come out tomorrow but I have a funny feeling this could be the turning point of the current rally
http://www.zerohedge.com/article/trimtabs-continues-throwing-sand-eyes-fake-economic-data
Anyone else seen this?
I just saw Rick Santelli mentioning this on CNBC and he says there could be an upwards revision of first 1/2 jobs losses of +1M
Now as a trader my gut says the bulls have control right now and to just buy dips after the non farm lottery figures come out tomorrow but I have a funny feeling this could be the turning point of the current rally
Whitehouse saying 10.00% in tomorrows report, and that hundreds of thousands of jobs will be lost.
I'm telling you tomorrows numbers will be BETTER THAN EXPECTED.
The fix is in, Obama is down in the polls, tomorrows numbers are going to be DANDY!
Dumping a long term position now is a mistake. I would be adding on any pullback.
I'm telling you tomorrows numbers will be BETTER THAN EXPECTED.
The fix is in, Obama is down in the polls, tomorrows numbers are going to be DANDY!
Dumping a long term position now is a mistake. I would be adding on any pullback.
Quote from Pinozi:
TrimTabs Continues Throwing Sand In The Eyes Of Fake Economic Data
http://www.zerohedge.com/article/trimtabs-continues-throwing-sand-eyes-fake-economic-data
Anyone else seen this?
I just saw Rick Santelli mentioning this on CNBC and he says there could be an upwards revision of first 1/2 jobs losses of +1M
Now as a trader my gut says the bulls have control right now and to just buy dips after the non farm lottery figures come out tomorrow but I have a funny feeling this could be the turning point of the current rally
wtf??
A million?
They obviously want to lower expectations as much as possible, but if it is a million, wow..
Tarp And AIG bailout were when?????
Who was president last October ?????
Clue: HIS NAME WAS BUSH AND HE WAS A REPUBLICAN.
Seems that you have a bit of a problem with time lines and facts.
Who was president last October ?????
Clue: HIS NAME WAS BUSH AND HE WAS A REPUBLICAN.
Seems that you have a bit of a problem with time lines and facts.
Quote from Roman Candle:
Here is how I see it right now. Obama bailed out Wall Street gave a real sweet heart deal to Goldman thru AIG. Obama is down in the polls his handling of the economy had the biggest dropin most polls.
So make no mistake this week�s jobs report is going to be super duper. He can point to the rising stock market and the much better jobs report this weekend and tell the American people were on the mend.
But in reality the falling dollar, and rising commodities are pretty much canceling out the phony rise in stocks.
I trust nothing that comes out of Washington. But we must trade what we see and right now buying the dips is the only way to trade.
Yeah they really started low balling jobs data during he Regean Administration.
The way it was measured during Roosevelt's admin was to take the number of adult males according to the census minus the number paying taxes.
And by the way for all the WS lovers out there.
New York State Attorney General Andrew Cuomo's office released a study showing that the bonuses of several of the biggest banks exceeded their profits. How can they pull that off? With your help, of course. Because of the wonderful quality of fungibility, your tax dollars are helping to pay obscene bonuses to executives of banks that would otherwise have gone belly up. Here are some lowlights: Goldman Sachs made $2.3 billion in 2008, but gave out $4.8 billion in bonuses; they also received $10 billion in TARP funds and more than $12 billion of taxpayer money as a counterparty to AIG. JPMorgan Chase made $5.6 billion, but gave out $8.69 in bonuses; they received $25 billion in taxpayer bailout money. Citigroup and Merrill Lynch lost $54 billion, but gave out $9 billion in bonuses. It must have helped that taxpayers wrote them a check for $55 billion. As the report dryly puts it, "there is no clear rhyme or reason to how the banks compensate or reward their employees."
http://www.huffingtonpost.com/arianna-huffington/remember-that-whole-thing_b_252548.html
The way it was measured during Roosevelt's admin was to take the number of adult males according to the census minus the number paying taxes.
And by the way for all the WS lovers out there.
New York State Attorney General Andrew Cuomo's office released a study showing that the bonuses of several of the biggest banks exceeded their profits. How can they pull that off? With your help, of course. Because of the wonderful quality of fungibility, your tax dollars are helping to pay obscene bonuses to executives of banks that would otherwise have gone belly up. Here are some lowlights: Goldman Sachs made $2.3 billion in 2008, but gave out $4.8 billion in bonuses; they also received $10 billion in TARP funds and more than $12 billion of taxpayer money as a counterparty to AIG. JPMorgan Chase made $5.6 billion, but gave out $8.69 in bonuses; they received $25 billion in taxpayer bailout money. Citigroup and Merrill Lynch lost $54 billion, but gave out $9 billion in bonuses. It must have helped that taxpayers wrote them a check for $55 billion. As the report dryly puts it, "there is no clear rhyme or reason to how the banks compensate or reward their employees."
http://www.huffingtonpost.com/arianna-huffington/remember-that-whole-thing_b_252548.html
Quote from ByLoSellHi:
wtf??
A million?
They obviously want to lower expectations as much as possible, but if it is a million, wow..
Just to clarify it could be up to an extra million job losses for the first 6 months of 2009
Which is an extra 166k per month
Hopefully its volatile either way
GL Traders!!!
Quote from Ivanovich:
Don't you think savvy investors know all about the reality of the numbers? You cannot possibly think you're shedding new light on this topic.
The market doesn't care.
We should remember the sub-prime news and how public it was for a long time. Investors don't care until they do. We shouldn't ignore information just because the market shrugs it off.