Friday, February 03, 2006

BE CAREFUL WHAT YOU WISH FOR AM DATA

http://briefing.com/Investor/Public/MarketAnalysis/Calendars/EconomicCalendar.htm

UNemployment drops to 4.7%, no change in workweek, wages up .4% (spending much higher so net loss) employee costs rising (inflationary) with no advance in workweek, did people just drop out of job search?

4.7% might make big Ben keep raising rates to at least 5% INFLATIONARY pressures building no matter what CNBC idiots say. KUDLOW LEESMAN perma bulls love the data, even though job creation fell short of expected 250K

GOOG back under $400 and AMZN reeling this AM the generals continue to falter, with 4 years under its belt, this cyclical bull is just about out of steam IMHO.

Has oil topped? has gold topped? or what is $570 gold saying?

2 days in last week or so we had triple digit down days, with generals falling down I fell when you look back you will say "gee why didnt I heed these early warnings?"

The bed is neither too soft nor hard, and it isn't just right.

D

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