ADP Employment report disappointing

Discussion in 'Wall St. News' started by thehangingman, Jan 3, 2007.

  1. 8:15U.S. ADP employment index down first time in nearly 4 years
    8:15U.S. Dec. ADP employment down 40,000
  2. Market will interpret this as good because it means lower rates, there is no bad news right now, its all good.
  3. The expectation was for a 148k rise...
  4. empee


    all news is bullish until its not. wait for the reaction to see if it means anything. Bad news + selloffs with no recovery would change this stance. As of now, markets are rallying on all news. I think we are a big short squeeze and we go 16k+ on the DOW, thats why no pullbacks. Every pullback attempt is bought up.
  5. Not surprised.......I personally know several people who all lost their jobs in December out of no where (not expected).
  6. good news is good, bad news is better..

    I love 100% up room to go$$
  7. Surdo


    The Bond market DID NOT like the number.
    + 16/32
  8. S2007S


    if the futures were down 10 points this morning this news would have been good and the markets would have rallied anyway...