The way the government 'games' the jobs data

Kevmeister · Aug 6, 2009

Quote from dtrader98:

I'm sure you're familiar with the expression, "the markets can remain irrational longer than you can remain solvent."

Arguing about this manipulation can give posters a sense of validation (because for the most part it is true); but the reality is you need to bet based upon "HOW" the market reacts to news, not how it "SHOULD" react to news.

Not trying to boast or be arrogant here, but I've been down this road, and it's a waste of energy. Everyone and his brother knows the numbers are gamed, fabricated, and engineered by now. What's relevant is how do you deal with that in a manner that is beneficial to you.

Nothing personal to you, but the comment is aimed at the thread in general.

P.S. If you want to spend your time studying how the market stats are manipulated, do a google on CB J willie. He's quite adept at statistics, and will keep you entertained with witty facts -- not necessarily wealthier, unfortunately.

"So another truism, -- "Don't fight the tape" -- comes to mind. It is as relevant now as it was in October 2008 -- only the direction of the market is different."
http://www.nasdaq.com/personal-finance/dont-fight-the-tape.aspx
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Excellent post.

achilles28 · Aug 6, 2009

Quote from dtrader98:

but the reality is you need to bet based upon "HOW" the market reacts to news, not how it "SHOULD" react to news.

Nothing personal to you, but the comment is aimed at the thread in general.

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Good points. Trading the bias rather than the data is $$$. That's if i traded news, which i don't.

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The way the government 'games' the jobs data

Kevmeister

achilles28