U.S. May ADP employment index down 532,000

I have often written that both perma-bears and perma-bulls are attention-getters, not money-makers.

The perma-bear cult, of which I have often been accused of being a member, is an especially strange clique that often sees the clandestine plunge protection teams saving the U.S. stock market at critical points. They have never met a government statistic they like but instead see the U.S. government as "massaging" and revising employment, inflation and many other economic statistics in order to paint a positive picture. They express contempt for second derivative economic improvement and never or rarely ever see prosperity. They view seeds of recovery as Superman saw Kryptonite and extrapolate economic/stock market weakness to the extreme.
And they never ever or rarely make money.
Ironically, the perma-bear crowd is typically uninhabited by money managers.

Rather than managing money, the perma-bear crowd is typically inhabited by writers of market letters, investment strategists and economists turned strategists, all of whom have little or no skin in the game.

The perma-bear species is a fickle breed, woe betide a former perma-bear deemed less bearish!

In summary, perma-bears, similar to their first cousin perma-bulls, rarely make money

and, in the main, shouldn't be listened to most of the time as even when they call a downturn, they almost always overstay their positions.

And they may be harmful to your financial health.
 
Quote from hairdresser:

Seems like a good number.

Do the opposite of what is posted here to make money guys.

Good #? April revised down to -549,000 vs. 491,000.
 
Half a million jobs lost for how long? These numbers will have to improve in the next few months or you can kiss the green shoots goodbye.
 
Quote from atticus:

The US monthly nonfarm number will print a 1MM loss before the cycle is over.

Would you bet on that?I lay you 3-2 for $2K against that outcome
 
Quote from atticus:

The US monthly nonfarm number will print a 1MM loss before the cycle is over.

Before or after China is buying every US based company ? :p
 
Quote from Daal:

Would you bet on that?I lay you 3-2 for $2K against that outcome

Not at those odds, and it's a difficult wager without a time-limit. I am open to prop bets up to 100k.
 
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