Tuesday, July 26, 2005

HORSES MOUTH

Confidence in Dying and Birth

http://www.bls.gov/web/cesbd.htm From the HORSES mouth or other orifice...JULY likely to SUBTRACT JOBS, 80K last year, holding to form this year.

Consumer confidence falls on "job worries"?? WTF? that's "frack" aka Battle star Galactica...What job worries? isn't this the best recovery in history creating jobs left and right?Or is it the WEAKEST on record (yes) creating mostly low paying service jobs, (with allowance for learning Chinese) where only thing created was out of thin paper?

You have your answer in front of you. IF the job data is UGLY as I think it will be....bonds should soar.

With FED meeting also scheduled for AUG, in the face of weak jobs, they will still raise, and we will have out first serious market showdown.

D

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