U.S. Sept. ADP employment down 39,000

Discussion in 'Economics' started by ASusilovic, Oct 6, 2010.

  1. Ouch
  2. No big reaction to it yet.

    Why do we need 2 employment reports anyways?
  3. Those numbers were bad and ES still positive.

  4. Tsing Tao

    Tsing Tao

    why is it crazy? the market knows fundamentals are shit, so every new bad data released just promise the market that its next fix from the fed in the form of QE is even more assured.

    market wants qe. not good numbers.

    short term fix, long term disaster
  5. LeeD


    Weak employment numbers make it more likely Fed will come up with a fresh quantitative easing program in November.
  6. w/e IMO it's bad.
  7. joe4422


    I agree with LEE, bad news = more stimulus. Which 1. Boost the markets, and 2. boost the markets as the value of the dollar drops. If one company is worth 1 billion in dollars, and the value of the dollar drops in half, then that same company is now worth 2 billion of those dollars.
  8. Tsing Tao

    Tsing Tao

    of course it's bad. most of the data in the past 6 months has been ugly.

    long term we're f'd.