What the hell was that?

[Trader Joe]

Black Ops?

 

[BreakOut]

Black Ops?

 

 

 

No, users were just politely re-directed to CNBS for information and commentary.

[DrStool]

Here is an email I sent to the Wall Street Examiner Email Bulletins list last night. Many of you are members and already got the story, but for the rest here it is:

 

 

 

 

Wall Street Examiner Server Down Due To DDOS Attack

 

The Wall Street Examiner's server has been down for most of the day today due to a distributed denial of service attack which my webhost is struggling to block, so far unsuccessfully. I was in the process of updating the employment data for a report to be published today when all hell broke loose. I have been able to gather most of the data, but the charts were loaded to the webserver earlier and are currently not available.

 

Pending the server coming back up, here are a few observations on today's employment report that may interest you.

 

The number of persons employed full time in April rose by just 83,000, not seasonally manipulated (from the household survey). That compares with a gain of 658,000 in April 2011. It's the worst April performance since 2007. The average gain in April for the previous 10 years was 653,000. I suspected that this was partly a giveback due to the unusually warm weather boosting the number in March. The March gain of 1.33 million was a record since 2002, and it was multiples of the typical March gain of 289,000. Looking at the 3 months from January to April this year's gain of 1.47 million wasn't as strong as 2011's gain of 2.6 million but was well above the prior 10 year average of 1.11 million.

 

 

Over the previous 10 years, the level of full time employment in April has been, on average 2.8 million below the previous year's July level which is usual the high for the year. Last year the April number was 2.1 million less than July 2010. This year the April level is already ahead of the level of last July by 240,000. This report is not the disaster that the pundits, the media, and especially the trading bot Al Gore rhythms seem to believe.

 

But all is not rosy. In a stat that virtually no one pays any attention to, average weekly earnings for all private sector employees have risen by 3.6% over the past 12 months. While the wages of hourly workers were previously stagnating, even they have been rising lately, with the average hourly wage now up 2.7% in the last 12 months. The change for the past 2 years had been barely 2% per year. With total weekly earnings up by 3.7%, it's clear that non-hourly employees are doing even better. Those executive salaries are really skewing things.

 

This brings me back to one of my favorite crying points in the weekly Fed Reports. Dr. Bernankenstein's inflation target is 2%. Because he and the FOMC only look at the lagged and artificially suppressed core PCE measure, which ignores all the prices that are rising, he thinks that inflation is still below the target. The Fed is so far behind the curve that the train has already left the station and they're standing on the platform looking the other way waiting for it to arrive.

 

Hopefully, I'll be able to see you on the website this weekend again. In the meantime, forward this to a friend, or an enemy, just forward it!

 

Thanks for joining me in the search for reason and clarity in this treacherous environment! Please forward this email to anyone you know who might be interested.

 

 

Lee

 

 

Lee Adler

Editor and Publisher

The Wall Street ExaminerPhone 561-839-3726

[Trader Joe]

Not sure if you're keeping track

 

But I seem to remember a similar (albeit less severe) "attack" on a down day in the market -- Fall '11?

 

Or, maybe I'm just imagining it

 

Has a whole Big Brother-NSA feel to it, yikes!

[alceringa]

?

 

http://www.youtube.com/watch?v=EUyxCP5Rvco&feature=related

[DrStool]

If this situation runs amok and the server goes down again, I will need to move to a new host. At that point the outage could last a day or two. My hosting company has failed to understand and address the problem adequately.

[zero_value]

Not saying but sort of strange how this happened during the fastest drop of the year just saying.....Give an idea of how brutal it is to make any coin trading this crap:

 

Last week short NQM12 @2645 (it hit 2625 before Crapple earnings)

Covered @2699 and got hammered on the jam.

Re-entered roughly @2725 watched it what appeared to be a break-out to the upside above @2750 and ALMOST covered. To me looked and felt like a double topping process.

Covered @2670 for a plus.

 

The round trip from 2625 to 2753 back to 2625 if I stayed short and did not trade be sitting +20 but with the trading I got back to only par! WTF

[DrStool]

 

Employment Data Not As Bad As They Said, And It’s Also Worse- Contrarian’s Chart View

 

[MrHanky]

I think you should set up a back up emergency site,because I agree with TJ that this has happened a few times when the market was tanking.Like a basic chat site or Yahoo group or something just in case we have this again.

 

It was pretty freaky.....

[rdkyote]

Welcome back

[Trader Joe]

I think you should set up a back up emergency site

 

In his spare time...

 

BWHAHHAHAHAHHA

 

If you were within reach he'd smack you on the back of the head!

[MrHanky]

In his spare time...

 

BWHAHHAHAHAHHA

 

If you were within reach he'd smack you on the back of the head!

Maybe....

 

But it takes like 10 minutes to start a Yahoo message board or something similar.

[Goldmember]

Maybe....

 

But it takes like 10 minutes to start a Yahoo message board or something similar.

 

Please...let's just forget about Yahoo message boards.

 

I mean, really?

 

Stool ain't Yahoo.

 

Thank the god.

 

10 lashes for even uttering such heresy!

[quanta]

Hey - Howz that Tan werkin out for U?

 

[DrStool]

I guess I will need to move back to a cloud server environment. These guys are amateurs and buffoons. The big cloud farms are run by giant corporations who don't give a crap, but at least they have redundancy and measures to mitigate the kind of nonsense that occurred on Friday. One thing is for sure. I don't want all the sites on the same server. That was a catastrophe. At least I had the email bulletins.