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This is a political stunt, to try to make it sound good for this cabinet in office at the moment..
I want to see where these jobs are. Ya know some transparency, anyone have a website for this so we can read it?
Originally posted by Rockpuck
reply to post by Hx3_1963
DOW will finish above 10,000 .. letting it close below yesterday was not intended.. as someone on here said a few days ago, I believe DOW 10k is being used as a barrier.. people see DOW 10k+ and think the economy is good.. or getting better.. anything below = second crash coming and people run to remove money they have added to their funds.
Dollar is up 32 points at 80.395. with that all earth made products are trading lower. Friday Night is always good for the bank failures to be identified, so watch for that, because this weeks dip in all physicals could imply a major to fail.
More at Link...
Un(Employment) Friday 2/5
The data continues with the January Employment Situation Report.
The top-line was a loss of 20,000 jobs but the unemployment rate "as reported" fell from 10.0 to 9.7%.
This was good for an almost-immediate 10 point ramp in the futures, exactly as I had talked about last night in the video - the potential for anything "in line" to provoke a snapback was quite real, and it became realized - at least until people actually read inside the report, that is!
But one must dig into the report and try to determine if we're seeing real improvement, or whether we've got statistical adjustments, remembering that January is a difficult month under the best of times because of benchmark and annual revisions.
And here we find some problems.
First, let's start with the good news:
Concerns about the health of Greece, Portugal and Spain showed no signs of flagging Friday as Portugal decided to increase spending and a strike in Greece dragged on for a second day.
Credit-default swaps on all three hit record levels on Friday