crooked_analyst Posted July 3, 2003 Report Share Posted July 3, 2003 Rising wedge broke? Yes, but will it stay broken after 10:00 EST Fakeonomic Reports? Link to comment Share on other sites More sharing options...
soup Posted July 3, 2003 Report Share Posted July 3, 2003 There is Nothing like a Grateful Dead Show! ( except ,perhaps a stoolie gathering) Link to comment Share on other sites More sharing options...
Injured Grizzly Posted July 3, 2003 Report Share Posted July 3, 2003 Maria was out reassuring us that although the market is down its only fractional losses. I was really getting worried until her soothing voice calmed me down. Just keep buying folks. Now Elaine Chow is saying high unemployment is a good sign for economic recovery. I guess companies profits will go up if they don't hire those pesky, costly employees. Oh boy... Link to comment Share on other sites More sharing options...
TheMotleyStool Posted July 3, 2003 Report Share Posted July 3, 2003 We all know that there will be a strong second half recovery and GDP growth will be in the 5% range starting with 2004. Given that, all bad economic data and company warnings are buying opportunities. Link to comment Share on other sites More sharing options...
wndysrf Posted July 3, 2003 Report Share Posted July 3, 2003 Here come the dippers. AS USUAL Link to comment Share on other sites More sharing options...
seamus Posted July 3, 2003 Report Share Posted July 3, 2003 Elaine chao just said - the unemployment rate rose due to previous non-working people re-entering the work force Which, of course, is + and bullish Link to comment Share on other sites More sharing options...
BeerMarket Posted July 3, 2003 Report Share Posted July 3, 2003 Just a good thing they had Krudlow, now being aided by an official member of the administration (Chao), to explain why the employment data was good. More people (.2%) declared themselves "in the job market", which of course is to be taken as a sign of increasing confidence in the economy. No chance it's because they need the money to make the minimum payments on their debt. Nope, nothing but good news. Link to comment Share on other sites More sharing options...
Yaryman Posted July 3, 2003 Report Share Posted July 3, 2003 Kudlow and Elaine Chao now on the Mutual Fund network explaining all the GOOD news about the current jobs report. I hope there is a special place in hell for Larry. Link to comment Share on other sites More sharing options...
FeedFool Posted July 3, 2003 Report Share Posted July 3, 2003 Rich is feeling badly this morning and not from all the beers at the NYCASS meeting last night. I gave a strong opinion late yesterday that the market was likely to continue higher over the next several days. Right now it looks like that is not going to happen. I apologize to anyone who was mislet by my opinion. :cry: Rich don?t worry it all most fooled me and I am a fool. Link to comment Share on other sites More sharing options...
fxfox Posted July 3, 2003 Report Share Posted July 3, 2003 Now Elaine Chow is saying high unemployment is a good sign for economic recovery i have no words anymore. When there is need for a few new torture methods for the prisons in texas they should just force the prisoners to view crapvision 24 hours a day. Link to comment Share on other sites More sharing options...
TheMotleyStool Posted July 3, 2003 Report Share Posted July 3, 2003 It's all just already unemployed people re-entering the work force. Ignore the sharp decline in payrolls, rising initial claims and upward revisions to old numbers. Link to comment Share on other sites More sharing options...
mksloth Posted July 3, 2003 Report Share Posted July 3, 2003 Maria was out reassuring us that although the market is down its only fractional losses. I was really getting worried until her soothing voice calmed me down. Just keep buying folks. Now Elaine Chow is saying high unemployment is a good sign for economic recovery. I guess companies profits will go up if they don't hire those pesky, costly employees. Oh boy... She's only echoing what another know-it-all said a couple evenings ago on the recovery channel. Eugene Flood I believe was the guy talking about how one needs to see an increase in the unemployment rate to divine that this recovery is indeed for real... Link to comment Share on other sites More sharing options...
Metamucil Posted July 3, 2003 Report Share Posted July 3, 2003 28.51 GE aggressively supported........ Miners and biotechs green.... monthly shport for GE Link to comment Share on other sites More sharing options...
BigWave Posted July 3, 2003 Report Share Posted July 3, 2003 Actually had some guy on Crapvision talking about BEARX and buying S&P puts to protect one's portfolio.. Link to comment Share on other sites More sharing options...
richmtn Posted July 3, 2003 Report Share Posted July 3, 2003 Just a good thing they had Krudlow, now being aided by an official member of the administration (Chao), to explain why the employment data was good. More people (.2%) declared themselves "in the job market", which of course is to be taken as a sign of increasing confidence in the economy. No chance it's because they need the money to make the minimum payments on their debt. Nope, nothing but good news. Great example of the B.S. numbers. Those folks had no job before and no job after yet they were switched form one column to another. AND now that they have declared themselves "looking" for work the gummitup thinks it's a good sign. Stoolies though are not fooled by the numbers. Trade safe Rich Link to comment Share on other sites More sharing options...
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