Seeking Alpha

Treasurys slide, but equities cruise right through big jobs number

Comments (27)
  • Control that rate.
    6 Dec 2013, 08:46 AM Reply Like
  • TMF ->2% in the pre-market
    6 Dec 2013, 08:46 AM Reply Like
  • Another nail in the coffin for anti Obama mob
    6 Dec 2013, 08:50 AM Reply Like
  • no you're right, 6 years later we're down to 7% unemployment. Brilliant.
    6 Dec 2013, 09:07 AM Reply Like
  • JAKE


    What is gold doing today? UP my friend! The Anti O people can read through the manipulated numbers...Market was down for 5 straight days. Don't you think a little bounce is allowed before it continues?


    Interest rates are starting to rise faster then Ben wants them to. So no taper happening anytime soon. That is just great news for the macro economy ( sacrcasm)
    6 Dec 2013, 01:03 PM Reply Like
  • still think AGNC and NLY will drop more.


    staying hedged with puts.


    taper is much more likely now in this month or next two.
    6 Dec 2013, 08:55 AM Reply Like
  • The Fed will taper based on Christmas jobs data? Maybe, but if so it will be contingent on rest of year into next. The whole issue of the taper has been heavily used by Wall St.


    Oh, and I'm really sick of people blaming Obama for what Health Ins. companies or Wall Street does. It's wildly off base. Nobody could have done more for markets than Obama, good bad or otherwise.


    Personally would have preferred more for the poor, the low wage workers, etc. But our childish society loves scapegoating much more than the hard work needed to move as a society to fix problems. They want someone "up top" to fix it. HA! That is not going to happen.
    6 Dec 2013, 08:56 AM Reply Like
  • People are blaming Obama for Obama's lies (too many of them).
    6 Dec 2013, 09:43 AM Reply Like
  • Didn't you know ? Everything is George Bush's fault.
    6 Dec 2013, 11:43 AM Reply Like
  • 3 month libor for December 2016 is now priced at 2.12....this was priced at 1.85 10 days ago....
    6 Dec 2013, 08:56 AM Reply Like
  • Whoa! Is good news good news again?
    6 Dec 2013, 09:18 AM Reply Like
  • TLT now up as well, if this data had been leaked to me i would have lost money... LOL !
    6 Dec 2013, 09:26 AM Reply Like
  • @Minutemen, that was my first reaction. Having had time to listen to some talking heads, it would appear that the market has absorbed this data as "Goldilocks news" -- good news for the economy, but not enough to start a big taper... "juuuust right".
    6 Dec 2013, 09:54 AM Reply Like
  • @Tricky


    Bet you're right -- that's what this is about.
    6 Dec 2013, 10:00 AM Reply Like
  • Tricky,
    Wait till Bernanke soon announces that after mature consideration he and the FOMC have decided not to start unwinding the stimulus program commonly named quantitative easing, yet in December 2013, but that they with certainty will reconsider their view in january 2014 when the economic and employment data will further have improved in such a way as to give complete confidence that such a policy of low interest rates and monetary stimulus were indeed the only option to restore confidence and strength, not only in the markets, but also in the real economy, not only in Wall Street, but equally in Main Street. He will then add that the situation in due time will give ample enough margin to raise the interest rates as well, especially those on Long Term Treasuries.
    6 Dec 2013, 12:09 PM Reply Like
  • When do we stop blindly accepting govt statistics?
    Remember what the Victorian PM Disraeli famously said about lies over 150 years ago:
    "There are three kind of lies = lies, damn lies + there are...statistics.
    Any wonder confidence in govt is nosediving?
    6 Dec 2013, 09:23 AM Reply Like
  • When there is no government nor any government to supply statistics. When Armageddon comes and anarchy rules supreme. When that happens, be sure to short the market.
    6 Dec 2013, 09:33 AM Reply Like
  • Exactly. The gov't CPI is another piece of garbage.
    6 Dec 2013, 09:42 AM Reply Like
  • Looking at these job numbers, it's a certainty that they'll start tapering. All my doubts are dissipated.
    6 Dec 2013, 09:32 AM Reply Like
  • filipo: of course the Fed will start tapering. The question is when and by how much? I still believe it will not be until spring at the earliest and even then it will be by a fairly conservative amount. Also, the other factor is the interest rates on lending, and it is likely the Fed will keep these very low for a considerable time.
    6 Dec 2013, 10:08 AM Reply Like
  • Minutemen,
    My comment was actually meant ironically, meaning, I still have my doubts (what is the quality of those jobs ? How well are they paid ? What is the relevancy for consumption ?).
    6 Dec 2013, 12:14 PM Reply Like
  • So who will buy U.S. bonds then if the Fed tapers?
    6 Dec 2013, 12:52 PM Reply Like
  • What are bonds?
    6 Dec 2013, 01:24 PM Reply Like
  • The taper is a fantasy. I would love to see them actually try and then watch the interest on bonds rise and banks begin to crash. Entertaining.
    6 Dec 2013, 03:56 PM Reply Like
  • After reading about the fed for long time I still don't understand. Appears to be sleight of hand but so is there in mathematics (try calculus).
    7 Dec 2013, 09:41 AM Reply Like
  • surf,
    read china vs. america who wins, editors pick.
    7 Dec 2013, 09:44 AM Reply Like
  • Don't say that solarcircle, I own shares in 3 large banks. (wink)
    10 Dec 2013, 11:20 PM Reply Like
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