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aussiebear

IDS World Markets Fri 4th December 09

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The unemployment rate is bogus. Wage tax receipts leave absolutely no doubt whatsoever.

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Xmas Kool Aid

 

"Traders did not need their second cup of coffee this morning as they were jolted by a sharply better than expected jobs report for November. Nonfarm payroll employment in November edged down only 11,000, following a revised decline of 111,000 in October and a revised decrease of 139,000 in September. As suggested by recently lower initial jobless claims, the November contraction in payroll employment was far better than the market forecast for a 100,000 decrease. Job losses in the construction, manufacturing, and information industries were offset by job gains in temporary help services and health care."

 

"Today's report is good news for workers and employers alike. And even retailers could benefit if confidence is boosted and consumer decide to spend a bit more. Equity futures surged on the news while Treasury rates firmed.

 

More detail coming. Please check back."

 

http://www.bloomberg.com/markets/ecalendar/index.html

 

drinkdrive.jpg

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Long gold here off 900sma 15 min chart

 

 

Out two thirds position. Holding last third. Stop at new 5 min lows.

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Xmas Kool Aid

 

"Traders did not need their second cup of coffee this morning as they were jolted by a sharply better than expected jobs report for November. Nonfarm payroll employment in November edged down only 11,000, following a revised decline of 111,000 in October and a revised decrease of 139,000 in September. As suggested by recently lower initial jobless claims, the November contraction in payroll employment was far better than the market forecast for a 100,000 decrease. Job losses in the construction, manufacturing, and information industries were offset by job gains in temporary help services and health care."

 

"Today's report is good news for workers and employers alike. And even retailers could benefit if confidence is boosted and consumer decide to spend a bit more. Equity futures surged on the news while Treasury rates firmed.

 

More detail coming. Please check back."

 

http://www.bloomberg.com/markets/ecalendar/index.html

 

drinkdrive.jpg

 

Canada's job report yesterday was also up.

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