Friday, July 08, 2011

EMPLOYMENT DATA HUGE MISS

from yhoo
Jobs Barely Rise, Dashing Hopes of Economic Revival- Reuters
The U.S. added 18,000 jobs in June -- the fewest in nine months and well short of the 80,000 expected -- and the unemployment rate ticked up slightly to 9.2%.
 **DASHING? ECONOMIC REVIVAL? WHAT THEN WAS A DOUBLE off lows and new transport all time highs? BS? market leads economy? and BULLS WONT SELL THE TOP this time around and will ride this thing no matter what?

Only 18,000 jobs created!! Prior month was revised sharply downward. Yesterdays apparent BREAKOUT to new rally highs off recent lows, new ALL TIME highs in Transports...what did all that mean?
RALLY off Greece, debt deal hopefullness, ADP report, blahblah....the market is rigged! NO ONE short in front of AM data after ADP Thursday and 80% upside action.....

Now the SPIN comes in at CNBS, mark Zandi shown to be the bull fool again, predicting 150,000 jobs or whatever. 9.2% unemployment, wages fell.......now gov't austerity and cuts would cut into GDP as this is stimulus......rubber has long met the road

Last month is revised downward by 26,000 now that no one is looking, what good is any of this data?

AVG workweek fell by .10%, that doesn't happen in vibrant economy! THE MARKET RALLY IS REAL, and MIRAGE

D

No comments: