Wrong again. DOes it suck being this wrong all the time ? June #'s went from 4.7 - 5.1%. Completely unexpected, market down 400 points. This was before the insane volatility we were having. I remember this day quite well. Shorted right when i heard the #'s at like 8:30:20 or something like that. Held for about 45 seconds and made 10 points, and went to go play golf. lol.
um that as a long time ago. Odds are the market tends to either be flat or go higher on jobs numbers. If the job losses aren't as bad as anticipated or inline, your better have your stop ready, but it won't matter.
Unemployment never went higher than 5% in 2007 http://data.bls.gov/PDQ/servlet/SurveyOutputServlet?data_tool=latest_numbers&series_id=LNS14000000
of what year? date? care 2 b more specific? futures surging..setting up for a 300 point rally tomorrow at least. Markets open up 250 points, end the day up 500 points?? Dow 8,442.00 40.00 0.48 S&P 500 851.50 4.00 0.47 NASDAQ 100 1,136.75 1.75 0.15 Also, tons of web 2.0 news..the internet economy is surging. Facebook, google,myspace,youtube, twitter , techcrunch reporting record traffic & revenue. A .3% rise in unemployment is economically insignificant . Keep in mind historically unemployment fluctuates between 4-6%.
Date? Date?? Look at the title of the thread. ^^ did you see it? make sure you look again and make the connection. Did you make it yet? Sure you dident, we are talking about jobs numbers. And when does jobs numbers come out ST? *Crickets crickets* First friday of each month. Now go to your intraday chart on your farking underfunded zecco account and look up Oct 3 2008.
Tomorrow is different. If the job data is very bad, we will see a very bad day, as it will serve as incontrovertible proof that the economy is weakening at an accelerating clip, and defy those still daring to construct a 'short & shallow' recession scenario (which would allow for allocation into equities now). IMO.
did you listen to those mutual/hedge fund manager in the past few days at CNBC when they talk about this upcoming job report? It's like they are going to the gas chamber, you should see their face. I'll guessing Dow will have an intraday low of -700 pt. or so. Because we are on the high side, 8376, so losing -700 is nothing nowadays. We'll going to puncture thru 7400 next week, probably rebounce at 6600 to 6800.