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Does anyone here believe the jobless report can drive the market UP?
Submitted by LastAmericanStanding on Fri, 12/05/2008 - 15:27
It's 3:24 and I'm looking at the DOW up 120 points. We just heard we we lost another 5M jobs and the market takes a JUMP?? PPT maybe? » |
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Manipulation
The jobless rate for November was a negative 533,000 not 5 million which I assume you meant. This was the largest job loss rate in 34 years.
.
http://www.bloomberg.com/apps/news?pid=20601068&sid=acH7l0zR...
Retail sales were down 2.8 percent in October compared to September. September retail sales were down 1.3 percent compared to August.
http://www.bloomberg.com/apps/news?pid=20601068&refer=home&s...
One retail sales index is reporting November retail sales declined by 2.7 percent compared to October which is the worst retail sales figures for the month of November in 30 years.
http://www.usatoday.com/money/industries/retail/2008-12-04-r...
Why is this data important? Personal spending accounts for 2/3's of the economy.
http://www.bloomberg.com/apps/news?sid=amwMKE6M6lwc&pid=2060...
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Yes, just like precious metals..
The bankers now have essentially an infinite amount of money to manipulate any market they wish to. They have unlimited wealth and also unlimited power, but hopefully their greed will be their undoing.
Yes, come to
think of it I have seen it happen in the past. What is confusing is that I know investors look for buying opportunities in these down times. But I don't think we are anywhere near the bottom yet. Curious, what happens if sales are way off. I think these investors would have more luck going to Vegas. hee,hee Well, after realizing how little some of these investment advisers know nothing surprises me.
Prepare & Share the Message of Freedom through Positive-Peaceful-Activism.
YES
When companies that know production is decreasing cut jobs, they increase profits. The market is all about how much profit a company makes, not its corporate responsibility.
Profits? Someone is making a profit besides Wal-Mart?
When a company cuts the fat during good economic times, stocks go up. When a company cuts jobs AND has negative earnings AND there is a "recession", that is a negative and should be reflected in the market.
*****
Merry Saturnalia and to all a good night!
Ron Paul "Sign Wave Across the USA" -- November 5th!
good question...
jeff@his zip code would like us to believe that profits are being made and this is why the stock market surges up on these very grim economic reports....i don't know what he is smoking but i'd like some of it!
O Captain, My Captain, rise up and hear the bells!
its 'cos I owe ya, my young friend...
Rockin' the FREE world in Tennessee since 1957!
A worse employment report
A worse employment report increases likelihood of rate cuts at next fed meeting, as well as other 'liquidity aids from above.'
I hear a lot about the jobs report
Let me tell you how the jobs report really works. I live in a town that survives on factories (a small midwest town). There have been so many layed off here that the town after being in existence since 1827 is now on the brink of collapse. It is seriously depressing. So to see people on TV saying that these job report numbers are good because the worse is over and that this is better than expected news is really sick. To see people talking about how they are going to take advantage of these great buying opportunities from idiot "Joe Six Packs" is really REALLY sick. Apparently they have not walked by a factory letting 500 people go and watched those people go home to a foreclosed home and then watching their entire families come to church because they have no place else to stay for the night. When someone sees that with their own eyes then I would like to see them make the same comments I have heard today.
_________________________
http://www.jabronitools.com
The jobless exceeded the predictions
It is considered worse than expected by all.
B O will put all of them to
B O will put all of them to work
--------------------------------------------------------------------
"The disease of liberty is catching." --Thomas Jefferson to Lafayette, 1820
"A government of reason is better than one of force." --Thomas Jefferson to Richard Rush, 1820
I hear the miilitary is hiring...
New wars are starting all the time! Pretty soon, you'll get to pick your theater of battle.
I may not know the truth, but I know when I'm being lied to...
I may not know the truth, but I know when I'm being lied to...
Not to worry.
They'll find better jobs. As consumer tastes change and evolve, business have to adapt or lose profitability and employees to those that keep up with consumer demand. To expect constant employment in some particular business or industry is silly. People have to lose their jobs for economies to evolve and grow. Yes, it hurts those temporarily who lose the jobs but it helps us overall in the longer term that they did lose their jobs.
It's called creative destruction. It's what recession are all about - a reallocation of resources to more profitable uses.
Naive
We are NOT in a recession. Why listen to what the media and the government tells you if you want to survive? The technical definition of a recession is at least 2 straight quarters of declining GDP growth. The government finally admitted recently that the economy has been in a recession since December of 2007. Yes an entire year now. They lied about the economy for at least a year. The definition of a depression is a "prolonged" recession. With the continued huge job loss reports and negative retail sales reports do you not think that we are in a depression? Either you are ignorant, naive, a government disinformation agent, or refuse to admit the American economy and our prosperity is in major trouble. We are seeing economic numbers that haven't been seen since the recessions of the 90's, 80's, 70's and even during the depression years of the 1930's. I respect your right to your beliefs but telling the truth and knowing the truth are not negative and pessimistic per say. I would much rather know the truth about the economy to prepare for it then be completely blind sided by it.
The jobless rate for November was a negative 533,000 this was the largest job loss rate in 34 years.
.
http://www.bloomberg.com/apps/news?pid=20601068&sid=acH7l0zR...
Retail sales were down 2.8 percent in October compared to September. September retail sales were down 1.3 percent compared to August.
http://www.bloomberg.com/apps/news?pid=20601068&refer=home&s...
One retail sales index is reporting November retail sales declined by 2.7 percent compared to October which is the worst retail sales figures for the month of November in 30 years.
http://www.usatoday.com/money/industries/retail/2008-12-04-r...
Why is this data important? Personal spending accounts for 2/3's of the economy.
http://www.bloomberg.com/apps/news?sid=amwMKE6M6lwc&pid=2060...
Web Developer
www.AnetComputers.com
www.RightToRedress.com
Take Back Your Country!
www.RealityUnKnown.com
another 1 week and 3 day
another 1 week and 3 day membership dude who has no clue! we are not just in a recession.. we are at the beginning or already in a depression!
"When governments fear the people there is liberty. When the people fear the government there is tyranny."
-Thomas Jefferson
I am more concerned about the return of my money than the return on my money. --Mark Twain
“A prudent man foreseeth the evil, and hideth himself: but the simple pass on, and are punished.” (Prov. 22:3; 27:12 KJV)
Hey McCain-----┌П┐(◣_◢)┌П┐
You live in a fantasyland.
You live in a fantasyland. They will find better jobs? Are you kidding me? There are NO jobs out there right now, good or bad. My dad went from making $150,000 a year as a VP of a company to being turned down at Best Buy for a manager position.
The government WILL NOT ALLOW creative destruction. You know what is creative destruction? Letting the big 3 go into Chapter 11 and let them reorganize. It's letting the huge bank FAIL. That is creative destruction.
Please spare us all your pollyanna, academic view on this economy. This is not a normal recession. Market manipulations will not allow it to be.
http://federalfallacy.blogspot.com
http://federalfallacy.com
That's why I am no longer in computer programming...
..and instead am sanding floors for a living.
That's a pretty stupid argument.
I may not know the truth, but I know when I'm being lied to...
I may not know the truth, but I know when I'm being lied to...
Not to worry?
You're an asshole. It sounds like your single, where you would not have to open the door to your family and let them know that you can no longer provide for them. People have skill sets based upon their vocations. It takes time to receive the training needed for a new job outside of your field. You know anyone hiring right now? Losing your job right now would be a fucking (mad - don't care if you don't like my language) nightmare to be shared with your wife and kids. Gain a little sensitivity.
Hmmm
Although you are correct in your analysis you seem more like a paper pusher to me. I bet you have never personally looked at a starving child in your life. I wonder have you ever fed people from a bread line? Have you ever been impacted by the things that you pride yourself so highly in making money on? I doubt it. So go rant and rave and make your money. I will cling to my hope and faith. And the day that you actually do become human with a heart and all let me know.
_________________________
http://www.jabronitools.com
Impossible
Sociopaths can't be changed. They can't "develop" a conscience. They are not quite human as they lack a conscience; a soul:
The Sociopath Next Door
http://www.amazon.com/Sociopath-Next-Door-Martha-Stout/dp/07...
Without Conscience: The Disturbing World of the Psychopaths Among Us
http://www.amazon.com/Without-Conscience-Disturbing-World-Ps...
Snakes in Suits: When Psychopaths Go to Work
http://www.amazon.com/Snakes-Suits-When-Psychopaths-Work/dp/...
The Trick of the Psychopaths Trade: Make us Believe Evil Comes from Others
http://cyregray.newsvine.com/_news/2008/01/31/1269977-the-tr...
Political Ponerology and Psychopaths
www.dailypaul.com/node/53506
The Role of the Psychopath in the Generation of Global Evil
http://ponerology.blogspot.com/2005/12/role-of-psychopath-in...
Two-seed theory: The origins of the psychopathic elite
www.dailypaul.com/node/68954
The Biological Basis of Elitism and "The Divine Right" Rule
http://www.bibliotecapleyades.net/sociopolitica/sociopol_div...
13 Bloodlines of The Illuminati
http://www.bibliotecapleyades.net/bloodlines/
Being Right is No Defense
No matter how sensitive to my delicate little feelings Economo gets, it's still not going to find me a job. I know it's rude to be right when so much is going wrong, but I doubt that it helps to attack Economo's clear exposition of economical reality. Spilled beer isn't gong to get back into the bottle on its own, and many jobs are not coming back either. Get a grip on something other than Economo's or my insensitive throats.
You are perhaps more perceptive than I. I can't tell from his post whether he pushes paper, or cuts steel, or bakes cookies.
I also can't tell whether he's ever been out of work or explained to his children that, "Yes, we're having beans and rice AGAIN tonight."
Deal with it.
Phil Gramm, for all his faults, was dead on. We are a nation of whiners.
The Freedom Formula: Au + Ag + Cu + Pb
LXXI BC: Ego sum Spartacus // MDCCCLVII: I am Dred Scott // MCMVL: Ich bin Anne Frank // MMX: Je suis Assange // MMXI: Ik ben von NotHaus
Whatever you THINK the market is going to do....
change to the opposite answer and THAT is usually what happens....
That's IS ass-backwards, but consistent with the society we are presently living in. Think of it that way. However, this jury-rigged economy will reach a point where it can no longer be MANIPULATED, so don't get frustrated and give up preparing for the BIG drop. It is coming.
its called the presidents
its called the presidents working group on the markets... see MANIPULATION!
"When governments fear the people there is liberty. When the people fear the government there is tyranny."
-Thomas Jefferson
I am more concerned about the return of my money than the return on my money. --Mark Twain
“A prudent man foreseeth the evil, and hideth himself: but the simple pass on, and are punished.” (Prov. 22:3; 27:12 KJV)
Hey McCain-----┌П┐(◣_◢)┌П┐
When you have CNBC declaring
When you have CNBC declaring that a loss of 533,000 jobs in one month "may signal the worst is over", you tend to have reaction to that. Coupled with the fact that the market isn't based on anything fundamental right now, and the fact that the PPT may or may not be intervening, it creates quite a pickle.
Have you ever seen the traders on the floor? There are monitors everywhere with Fox, CNBC, MSNBC, etc. Whatever BS is fed to them by the media, they react accordingly.
http://federalfallacy.blogspot.com
http://federalfallacy.com
Not really
The jobs report was released at 8:30am. The market took a 200 point nosedive shortly thereafter.
What really drove the market back up?
First, crude oil closed below $41...which is very good.
Also, if you listened to the congressional testimony today with the big 3, it certainly seemed like many of the reps were simply getting some ammo together to sell their "yea" votes on the bridge loans to their people.
In short, the word got out that the auto bailout was a go.
If they don't pass this bill next week, they're going to do a bridge-bridge loan for GM and Chrysler to make payroll until March and then do it again with a Dem in the White House.
Expect the GOP to cave in soon.
What do you think about the war on drugs?
How about Operation Wall Street?
Shout it today!
http://www.youshouts.com/index.php
I have no doubt it will pass. I don't see that as a positive.
So, we'll be on the hook for another 36B (surely more, by the time it gets approved). How that gets viewed as 'one in the win column' is beyond my scope.
I may not know the truth, but I know when I'm being lied to...
I may not know the truth, but I know when I'm being lied to...
Unfortunately, I think the projected cave-in by the GOP is
all too likely as well. As mentioned, the activity now seems to be centered on how the "yes" votes are to be marketed to the public.
_________________________________________
"An economy built on fiat money is a society on its way to ashes."
_________________________________________
"An economy built on fiat money is a society on its way to ashes."
With all the money Paulson has in his control,
the plunge team can really make an impact. I'm sure they are buying up Dow 30 stocks to keep the masses feeling like everything is still under control. Now that the government has all but made a mockery of money, I fear that they will keep printing, and printing and manipulating for the foreseable future..........how long this can go on, no one seems to really know.
alan laney
The market moves BEFORE the news come out.
Inside information moves the market. Once the news is out, Joe Sixpack hears the bad news and sells stock. Those who knew the news that was coming out shorted ahead of time, and cover their short buying from Joe Sixpack taking advantage of his being late to the game.
That's how the market works.
isn't that supposed to be
isn't that supposed to be illegal?? why degrade joe sixpacks? you think that is moraly correct?
"When governments fear the people there is liberty. When the people fear the government there is tyranny."
-Thomas Jefferson
I am more concerned about the return of my money than the return on my money. --Mark Twain
“A prudent man foreseeth the evil, and hideth himself: but the simple pass on, and are punished.” (Prov. 22:3; 27:12 KJV)
Hey McCain-----┌П┐(◣_◢)┌П┐
It's not unusual hear the talking heads declare that a decline
in employment, or increase in unemployment, somehow is generally representative of companies reacting to business conditions by the lowering of overhead expenses and, therefore, is considered a good thing. How often have you heard a public company, rumored or expected to announce poorer-then-expected financial results, wind up accompanying the announcement with a declaration that they will be eliminating "x" number or percentage of unnecessary jobs or consolidating corporate functions for some greater level of efficiency (I'm sure you've heard it all before).....and their stock winds up the trading day without any kind of negative hit; often with a small positive bounce.
_________________________________________
"An economy built on fiat money is a society on its way to ashes."
_________________________________________
"An economy built on fiat money is a society on its way to ashes."