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B4 The Bell, Frieday, March 5


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Kudlow showed himself to be quite a moron a few years ago by stating on air that in his opinion the breakdown in the NASDAQ occurred because of the launching of the antitrust suit of justice dep't against MSFT

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I pulled up BigFarts and read the following:

 

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U.S. stocks stumble out of the gate on weak jobs data

Last Update: 3/5/2004 9:38:00 AM

NEW YORK (CBS.MW) -- U.S. stocks took an opening dive Friday following a much weaker-than-expected employment report, which was made worse by a lowered sales outlook from chip giant Intel.

$INDU, ?$COMPQ, ?INTC, ?$SPX, ?$TNX

 

U.S. nonfarm payrolls up tepid 21,000

Last Update: 3/5/2004 9:39:07 AM

WASHINGTON (CBS.MW) - U.S. nonfarm payrolls increased by 21,000 in February, far below Street expectations of 130,000, the Labor Department said Friday.

 

Treasurys get boost, sending yields diving on jobs data

Last Update: 3/5/2004 9:09:24 AM

CHICAGO (CBS.MW) - Benchmark Treasury yields tumbled to their lowest level in nearly eight months after anemic U.S. jobs data surprised the bond market on Friday.

$TNX

 

Dollar tumbles vs. euro, steady vs. yen after jobs data

Last Update: 3/5/2004 9:25:32 AM

CHICAGO (CBS.MW) - The U.S. dollar tumbled by more than 1 percent against the European currencies after a report showed anemic U.S. job creation last month.

 

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All of the aftershocks everybody and everybody would expect following "U.S. nonfarm payrolls up tepid 21,000." The effect that most catches my eye is "Benchmark Treasury yields tumbled to their lowest level in nearly eight months ..." I, as many others here, believe this is something the ruling-class mafia desparately wants/needs to keep the whole sham illusion going a little while longer.

 

We know they lie about everything, especially any and all jobs and labor numbers. Does anybody else think that maybe the 21,000 number is bullshit because it is dishonestly too low? Maybe the idea was -- whatever it takes to get rates going down.

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DJ Fed Doesn't Intervene In Money Market During Usual Period

 

NEW YORK (Dow Jones)--The Federal Reserve didn't intervene in the money market Friday during its usual intervention period around 9:30 a.m. EST (1430 GMT).

 

There was a chance the Fed would execute a weekend-system repurchase agreement, economists had said.

 

(more on Dow Jones Newswires)

 

03-05-04 1024ET- - 10 24 AM EST 03-05-04

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