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Goldman Sachs reads the tea leaves in ADP and ISM data and cuts its forecast for Friday's labor...

Goldman Sachs reads the tea leaves in ADP and ISM data and cuts its forecast for Friday's labor report to 100,000 nonfarm jobs added in May, from a previous 150,000; in particular, the ADP report's weakness "follows a streak of weaker-than-expected news on both the labor market and activity as a whole."
Comments (6)
  • Stone Fox Capital
    , contributor
    Comments (7489) | Send Message
     
    100K jobs in a month impacted by the Japan crisis is actually very good. Investors looking for a slowdown are looking in the wrong direction.
    1 Jun 2011, 11:38 AM Reply Like
  • MarketGuy
    , contributor
    Comments (3983) | Send Message
     
    Stoned Fox,

     

    Now THAT's some spin...nice try.
    1 Jun 2011, 12:23 PM Reply Like
  • J 457
    , contributor
    Comments (972) | Send Message
     
    I tell you its the weather. Its always the weather. Simply transitory. We are in a boom, buy buy buy these stocks at 2007 levels. You'll have to overlook 14.2 trillion debt, housing deteriorating again, unemployment deteriorating again, POMO ending in four weeks, EU debt crisis, ISM, PMI...

     

    See you at DOW 10,000 by July. And as we go down all the educated investment "planners" will tell you its a great time to buy. Look at the stats, to them its "always" a good time to buy and to pay them their fee.
    1 Jun 2011, 12:42 PM Reply Like
  • CharlieM
    , contributor
    Comments (150) | Send Message
     
    Maybe next month Jack or the Burger King will follow Mac's example to help the numbers look better....lol
    1 Jun 2011, 11:41 AM Reply Like
  • tigersam
    , contributor
    Comments (1711) | Send Message
     
    What a scam from Goldman. Goldman should do their own research and come up with their own stat. My payroll number for Friday is 160K.
    1 Jun 2011, 11:48 AM Reply Like
  • Mike Maher
    , contributor
    Comments (2827) | Send Message
     
    Higher gas prices, auto-plant shutdowns from the Japanese crisis, deadly tornadoes in the Midwest, flooding along the Mississippi, and the Congress playing chicken with the debt ceiling all pointed to data being soft. The tornadoes and flooding will lead to a pickup in activity later in the year as people rebuild, gas prices are falling, although painfully slowly, and Japan is setting up a fund to help auto suppliers. The US debt is the wild card. If that situation is not addressed, the US economy will become the Japanese economy of the last two decades.
    1 Jun 2011, 01:06 PM Reply Like
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