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Registered User
Joined: 2/13/2005
Posts: 368
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Since Obama and Biden have both come out and said the jobs report will be a good one and the BLS is going to revise the birth/death model to show ~ 400K to 500k new jobs from thin air, how do we play the market????? There is also a story I just read about firing and then rehiring census workers to show new jobs created. The smart guys I talked with know the 700K+ report on Friday is cooked bigger than Dallas but would you still position yourself for a big UP day???? or should I anticipate a Bull trap and short around 10 AM??? This will be an interesting day for sure............
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Registered User
Joined: 2/5/2006
Posts: 1,148
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seems economic news hasn't really mattered lately, anyway.
the market is usually way ahead of these numbers, and will digest them accordingly.
i wouldn't be making any big bets one way or the other because of labor statistics.
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Registered User
Joined: 9/25/2007
Posts: 1,506
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QUOTE (thekubiaks) There is also a story I just read about firing and then rehiring census workers to show new jobs created.
I read that .... Census workers claiming that they are being hired and layed off as many a four times per month ... so that they can be reported as 4 new hires ... since BLS guidelines require that they only have to work ONE HOUR in a month to count as a new job ...
But don't worry ... I'm sure that now that the White House has taken control of the Census from Commerce ... they would dream of cooking that data ....
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Registered User
Joined: 10/26/2005
Posts: 238
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Trade the chart not the news
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Registered User
Joined: 1/28/2005
Posts: 6,049
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First 2 day rally since April.
Thanks
diceman
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Registered User
Joined: 7/1/2008
Posts: 889
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IBD declared the correction over yesterday
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Registered User
Joined: 2/5/2006
Posts: 1,148
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sounds like expectations are for a great report, and anything less will be a disappointment, although other "more reliable data" suggests otherwise.
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Registered User
Joined: 2/13/2005
Posts: 368
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We need Becky Quick and Erin Burnett to put on their Cheerleaders outfits and the rest of the guys need to put on their chef hats. Get the ovens started, it is time to start cooking :)
It is interesting that futures are flat, everyone knows the numbers are going to be high... Wouldn't that be a hoot if they have a 700K+ number and the market sells off (which I think it will).
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Registered User
Joined: 2/13/2005
Posts: 368
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We need Becky Quick and Erin Burnett to put on their Cheerleaders outfits and the rest of the guys need to put on their chef hats. Get the ovens started, it is time to start cooking :)
It is interesting that futures are flat, everyone knows the numbers are going to be high... Wouldn't that be a hoot if they have a 700K+ number and the market sells off (which I think it will).
I almost forgot to fire up the CNBC Animal Orchestra..... they got them going too. 
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Registered User
Joined: 2/5/2006
Posts: 1,148
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lol. futures -200. good job obama.
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Registered User
Joined: 1/12/2009
Posts: 235
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400,000+ jobs coming from census workers! LOL! Great and mighty Obama, way to get those jobs moving!
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Registered User
Joined: 1/12/2009
Posts: 235
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Worst &$&@ president ever. Time for some more golf.
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Registered User
Joined: 9/25/2007
Posts: 1,506
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QUOTE (traderm30) 400,000+ jobs coming from census workers! LOL! Great and mighty Obama, way to get those jobs moving!
Put the data in perspective ....
There's about 150 million households in the US ....
IF no one mailed in their Census forms ...
IF these 411,000 Census workers were the only ones hired ...
IF each Census worker knocked on only 5 doors per day ...
They could knock on every single door in America in less than 11 weeks ...
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Registered User
Joined: 7/1/2008
Posts: 889
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there's been no recession in the public sector!
for once ever, public employees make more than private sector!
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Registered User
Joined: 3/21/2006
Posts: 4,308
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Here is a comparison chart that might give some clue as to where we stand right now.
The May 2006 correction vs now.....
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Registered User
Joined: 2/13/2005
Posts: 368
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I'm thinking that Monday, the futures are going to be down, the little guys are going to resume their panic selling down to about 1050 on the S& P and then the big guys and the PPT are going to hit the market with both barrels finishing the day up 250 points.... No way the PTB (powers that be) are going to let the market tank while there is ink in the printing press.
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Registered User
Joined: 2/13/2005
Posts: 368
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QUOTE (thekubiaks) I'm thinking that Monday, the futures are going to be down, the little guys are going to resume their panic selling down to about 1050 on the S& P and then the big guys and the PPT are going to hit the market with both barrels finishing the day up 250 points.... No way the PTB (powers that be) are going to let the market tank while there is ink in the printing press.
I go the S&P at 1050 right today but no PPT?? I had someone look into it and it turns out that the ink truck that was supposed to unload today at the Fed printing presses detoured to a strip club. The drivers were fired (of course). We should have the presses going again tonight. Rally tomorrow.
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