twignberries Posted July 2, 2004 Report Share Posted July 2, 2004 Surprisingly muted response in the futures pits so far. Strange. Link to comment Share on other sites More sharing options...
flockofsheeples Posted July 2, 2004 Report Share Posted July 2, 2004 options on 30 yrs. futures....oops. Sep 2004 Open High Low Last Time Value Exp: 08/27/04 Days to Exp: 56 Futures: USU04 108-05 101-00P 0-09 0-10 0-09 0-10 07:20 156.25 102-00P 0-18 0-18 0-15 0-16 07:22 250.00 103-00P 0-24 0-24 0-24 0-24 07:28 375.00 104-00P 0-35 0-35 0-35 0-35 07:24 546.88 105-00P 0-56 0-56 0-56 0-56 07:24 875.00 106-00P 1-06 1-08 1-06 1-08 07:27 1125.00 Link to comment Share on other sites More sharing options...
Lock Limit Down Posted July 2, 2004 Report Share Posted July 2, 2004 They need a lower yield and that looks like the plan. No debt expansion=no consumption Government numbers have become hopelessly bogus. Hopefully a day will come, after the furure Senate hearings, where the private sector, {with penalty of death to those that report erroneus info} will take the place of the communist BLS. Futures `now being stick saved Matrix ....so predictable Link to comment Share on other sites More sharing options...
Guest yobob1 Posted July 2, 2004 Report Share Posted July 2, 2004 "People are classified as employed if they did any work at all as paid employees during the reference week; worked in their own business, profession, or on their own farm; or worked without pay at least 15 hours in a family business or farm. People are also counted as employed if they were temporarily absent from their jobs because of illness, bad weather, vacation, labor-management disputes, or personal reasons. In general if they were breathing and they couldn't meet the stringent requirements for classification as unemployed, we figure they're employed." Averge hourly earnings reported as up 2 cents but weekly earnings fell $2.45. Damn and they needed that extra gallon of gas. Link to comment Share on other sites More sharing options...
Basho Posted July 2, 2004 Report Share Posted July 2, 2004 Those numbers just get scarier and scarier, don't they Yobob? I just finished reading Contrary Investor's latest where they focus on the very issue you highlighted. Makes for interesting -- if rather alarming ? reading. http://www.contraryinvestor.com/2004archives/mojuly04.htm Along the same lines, I don't know whether you happened to notice the sharp increase in foreign custody holdings at the Fed in yesterday's release. The average weekly increase was small at US$1.1519 billion but the actual Wednesday figure leapt just under a further US$15 billion. There?s been some pretty interesting action in the yen in recent days so I guess the MOF/BOJ combo may have cranked up their machine again. For what it?s worth almost all of that went into Treasuries, continuing the pattern of recent months. For example, over the last three months on an annualised basis, treasury custodial holdings are up about 28.5% while agencie holdings are unchanged. regards Basho Link to comment Share on other sites More sharing options...
Hiding Bear Posted July 2, 2004 Author Report Share Posted July 2, 2004 Hayseus. Didn't the BLS get the memo? Someone sure effed up. Bet the bat phone rings on that one. Sorry today's script has now been sent back for a rewrite. Is it too early for an emergencey FOMC meeting to reverse Wednesday's increase? Don't worry, the greenman knew exactly what today's numbers were going to be. He may have even ordered it to bring the long yield down. The economy is running on credit creation period. From the latest Federal Reserve weekly report: Money supply measures (M2 & M3) fell back some and are still roughly the level of about five weeks ago (which Doc stated at that time might be a peak of the mad May expansion of the money supply) - which provoked many articles in the bear media. There was also a (US governments) buying rampage by foreign central banks in the latest week. It was about $22 Billion, and probably explains why the bond has been so strong. Unexplained is why these central banks suddenly decided to jump back into the dollar market. So foreign central banks came to the rescue again - and it just happened to be the same date as the FOMC meeting. But I don't think there will be follow-through buying on the bond by the central banks - and there even be some selling at these levels. Link to comment Share on other sites More sharing options...
zensmoke Posted July 2, 2004 Report Share Posted July 2, 2004 Group Warns Europe of More Terror Attacks 2 minutes ago CAIRO, Egypt - The group that claimed responsibility for the Madrid train bombings warned European nations that they have only two weeks to withdraw troops from Iraq (news - web sites) or face the consequences, a pan-Arab newspaper reported Friday. http://story.news.yahoo.com/news?tmpl=stor...id=540&ncid=716 FBI Urges Increased Vigilance for July 4 53 minutes ago By CURT ANDERSON, Associated Press Writer WASHINGTON - A constant stream of intelligence indicating that al-Qaida wants to strike the United States this summer or fall has led federal officials to urge increased vigilance during the Independence Day weekend, but there is no specific threat of an attack timed to the holiday. http://story.news.yahoo.com/news?tmpl=stor...id=542&ncid=716 Link to comment Share on other sites More sharing options...
trinharder Posted July 2, 2004 Report Share Posted July 2, 2004 I have heard several whisper numbers this afternoon in the 100-110K range. While this would still be a positive gain it would be a sentiment loss. The perception that employment is accelerating would be dashed and cast more suspicion on the strength of the recovery. A major drop in new jobs would weaken the republican stance and give Kerry more ammunition. The race is already a tossup and that could give investors more election indigestion. From paid link, Market Wrap. http://www.optioninvestor.com/ Link to comment Share on other sites More sharing options...
Hiding Bear Posted July 2, 2004 Author Report Share Posted July 2, 2004 "People are classified as employed if they did any work at all as paidemployees during the reference week; worked in their own business, profession, or on their own farm; or worked without pay at least 15 hours in a family business or farm. People are also counted as employed if they were temporarily absent from their jobs because of illness, bad weather, vacation, labor-management disputes, or personal reasons. In general if they were breathing and they couldn't meet the stringent requirements for classification as unemployed, we figure they're employed." Averge hourly earnings reported as up 2 cents but weekly earnings fell $2.45. Damn and they needed that extra gallon of gas. This is not funny - but selling the junk in your garage on Ebay is now considered working. This change took effect early in the year after Secretary Chou didn't get that memo that employment numbers could only rise in an election year. Most of the job gains this year resulted from reclassifiying unemployed to employed, although there is some employment growth in a few areas. Link to comment Share on other sites More sharing options...
PeakOil Posted July 2, 2004 Report Share Posted July 2, 2004 Hayseus. Didn't the BLS get the memo? Someone sure effed up. Bet the bat phone rings on that one. Sorry today's script has now been sent back for a rewrite. Is it too early for an emergencey FOMC meeting to reverse Wednesday's increase? Don't worry, the greenman knew exactly what today's numbers were going to be. He may have even ordered it to bring the long yield down. The economy is running on credit creation period. That would seem to be the case. UFB, what a fantasyland Link to comment Share on other sites More sharing options...
Guest Posted July 2, 2004 Report Share Posted July 2, 2004 They need a lower yield and that looks like the plan.No debt expansion=no consumption Government numbers have become hopelessly bogus. Hopefully a day will come, after the furure Senate hearings, where the private sector, {with penalty of death to those that report erroneus info} will take the place of the communist BLS. Futures `now being stick saved Matrix ....so predictable Call it what it is........GOSPLAN. Link to comment Share on other sites More sharing options...
Guest Posted July 2, 2004 Report Share Posted July 2, 2004 "People are classified as employed if they did any work at all as paidemployees during the reference week; worked in their own business, profession, or on their own farm; or worked without pay at least 15 hours in a family business or farm. People are also counted as employed if they were temporarily absent from their jobs because of illness, bad weather, vacation, labor-management disputes, or personal reasons. In general if they were breathing and they couldn't meet the stringent requirements for classification as unemployed, we figure they're employed." Averge hourly earnings reported as up 2 cents but weekly earnings fell $2.45. Damn and they needed that extra gallon of gas. The Armed Forces were also included in the employment figures in the 1980's. Link to comment Share on other sites More sharing options...
zensmoke Posted July 2, 2004 Report Share Posted July 2, 2004 Maxtor Corp. (MXO) plunged, falling 14.5% to $5.53, after the hard-disk-drive maker cut its second-quarter forecast, citing lower-than-expected shipments, and said it plans to cut 400 to 500 jobs to cut costs. The company expects to post a second-quarter loss of 16 cents to 20 cents a share, excluding one-time gains but including charges. In April, the company forecasted a per-share loss of 4 cents to 8 cent, and Wall Street expected a loss of 7 cents a share. Baird cut its rating on the Maxtor to neutral from outperform. Stun-gun maker Taser International Inc. (TASR) rose 3.7% to $45.30 after the company said a wrongful-death lawsuit against it was dismissed with prejudice. The suit, filed last March in U.S. District Court for the Southern District of Florida, alleged that Vincent Del'Ostia's death was result of a Taser M26 device used on him when he was arrested. WebMethods Inc. (WEBM) fell 27.5% to $6.05 after the Internet software company widened its first-quarter loss forecast because of a lower closure rate on large contracts. The Web service infrastructure company expects to post a loss of 19 cents to 22 cents a share before items, compared with the previous forecast of a loss of 7 cents a share to breakeven. Wall Street expected the company to post a loss of 2 cents a share. Career Education Corp. (CECO) fell 4.1% to $43.16 after the company said two of its schools are facing accreditation compliance concerns. Career Education said its American InterContinental University was placed on warning status as the school seeks to address some compliance matters concerning issues related to a 2002 accreditation by the Southern Association of Colleges and Schools. Brooks College was also placed on probation by the Accrediting Commission for Community and Junior Colleges of the Western Association of Schools and Colleges. -Mohammed Hadi; Dow Jones Newswires; 201-938-2007 Dow Jones Newswires (sorry no link) Link to comment Share on other sites More sharing options...
GregFokker Posted July 2, 2004 Report Share Posted July 2, 2004 "People are classified as employed if they did any work at all as paidemployees during the reference week; worked in their own business, profession, or on their own farm; or worked without pay at least 15 hours in a family business or farm. People are also counted as employed if they were temporarily absent from their jobs because of illness, bad weather, vacation, labor-management disputes, or personal reasons. In general if they were breathing and they couldn't meet the stringent requirements for classification as unemployed, we figure they're employed." Averge hourly earnings reported as up 2 cents but weekly earnings fell $2.45. Damn and they needed that extra gallon of gas. Yobob, do you have a link for this? Would like to dig more. Link to comment Share on other sites More sharing options...
zensmoke Posted July 2, 2004 Report Share Posted July 2, 2004 Dollar Link to comment Share on other sites More sharing options...
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