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viper32nc1

viper32nc1
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  • Jan. Reuters/UofM Consumer Sentiment: 72.7 preliminary vs. 75.5 expected and 74.5 in December. Expectations 68.2 vs. 68.3 expected and 67.5 in December.  [View news story]
    Consumer Sentiment fell. Can you blame them?

    Ok, so let me get this straight! Jobless Claims spiked and Cost for things also spiked. What kind of recovery is this.

    No jobs and higher prices!
    Jan 14, 2011. 10:26 AM | Likes Like |Link to Comment
  • Dec. Consumer Price Index: +0.5% vs. +0.4% expected, +0.1% prior. Core CPI +0.1% in-line with expectations, +0.1% prior.  [View news story]
    Ok, so let me get this straight! Jobless Claims spiked and Cost for things also spiked. What kind of recovery is this.

    No jobs and higher prices!
    Jan 14, 2011. 10:25 AM | Likes Like |Link to Comment
  • As the North American International Auto Show gets rolling in Detroit, Ford (F) will announce plans to hire 7,000 workers in the U.S. over the next two years, on the heels of what should end up as one of its most profitable years. The automaker reported $6.3B in net income for the first three quarters of 2010.  [View news story]
    Next 2 years LOL. Don't worry more jobs than that will be sure to get shipped overseas by then.
    Jan 10, 2011. 11:43 AM | 1 Like Like |Link to Comment
  • Stocks put a stop to what looked like an accelerating slide, with the big indexes now off intraday lows, at -0.4%. Financials led the downdraft, especially big banks: BAC -1.9%, JPM -2.7%, WFC -2.8%, C -0.7%. Commodities had gotten a lift from a brief dollar sell-off, but crude's now +0.3% to $88.60.  [View news story]
    Hey spanky the day is not over with yet! Once people realize that screwball lower unemployment number they threw out (tricky desperate bastid move) has no relenvence in the fact that many unemployed people are not even counted anymore, the true fact of horrible nonfarm employment numbers is what will drive the sell off. Sit tight and watch.
    Jan 7, 2011. 12:27 PM | Likes Like |Link to Comment
  • A drop in the unemployment rate may not be as good as it seems, Felix Salmon says, joining a school that notes that long-term unemployed are still increasing in number, and discouraged worker numbers are rising pretty quickly.  [View news story]
    Have you ever noticed they don’t say a word about when they lost all the $50.00 and hour jobs that the meager ones they replace the $50.00 jobs with are the $9.00 jobs. How is that a gain? Answer: It’s not. When will they acknowledge and realize that those 1000’s of jobs will never come back? It will be years before the fricken unemployment rate even gets back to normal like the 5.0% rate.
    Jan 7, 2011. 12:23 PM | 5 Likes Like |Link to Comment
  • The loonie surges nearly 1% following the strong Canadian employment report. Reaction in interest rate futures was more muted, with little change to the expectation of 75 basis points in hikes over the coming year. Stocks are flat in Toronto.  [View news story]
    Once people realize that screwball lower unemployment number they threw out (tricky desperate bastid move) has no relenvence in the fact that many unemployed people are not even counted anymore, the true fact of horrible nonfarm employment numbers is what will drive the sell off. Sit tight and watch.
    Jan 7, 2011. 11:36 AM | Likes Like |Link to Comment
  • Dec. Nonfarm Payrolls: +103K vs. +160K consensus, +71K in Nov. (revised from +39K). Unemployment 9.4% vs. 9.7% expected, 9.8% prior. Private payrolls were +113K; gov't payrolls were -10K.  [View news story]
    AND THE WINNER IS=====> BAD NUMBERS =======> WE ARE GOING DOWN==>BATTEN ALL HATCHES!
    Jan 7, 2011. 08:41 AM | Likes Like |Link to Comment
  • Market Preview: Futures point to a positive open, continuing yesterday's upside momentum. Benchmark S&P +0.15%. Initial jobless claims came in largely as expected, while retailers have seen mixed results for same-store sales (I, II, III, IV). Later: EIA natgas.  [View news story]
    Initial jobless claims came in largely as expected? Who is this fool?
    Yesterday with the inaccurate ADP report we thought everybody had jobs and today with jobless claims we find out the 18,000 more people lost their job.
    Jan 6, 2011. 09:19 AM | 1 Like Like |Link to Comment
  • Both Goldman Sachs (GS) and Pimco tell clients to chill out about the recovery. Goldman views yesterday's ADP report showing a surge in hiring "with skepticism... Markets may be overly optimistic about the extent to which this will show up in Friday’s [jobs] report.” Pimco concurs: "Many, many months of strong payroll gains” are needed before the Fed raises rates.  [View news story]
    wOW job claims are up an additional 18,000. When is the bleeding going to stop?

    That ADP Report is inaccurate and useless not to mention manipulated.
    Jan 6, 2011. 09:15 AM | Likes Like |Link to Comment
  • Initial Jobless Claims: +18K to 409K vs. 410K consensus. Continuing claims -47K to 4,103,000.  [View news story]
    wOW an additional 18,000. When is the bleeding going to stop. That ADP Report is inaccurate and useless not to mention manipulated.
    Jan 6, 2011. 09:13 AM | 1 Like Like |Link to Comment
  • Dec. same-store sales (actual vs. Briefing.com estimate), update #3:
    JCP +3.7% vs. +3.9%.
    KSS +3.9% vs. +4.3%.
    JWN +8.4% vs. +3.9%.
    SKS +11.8% vs. +5%.
    SMRT -1.9% vs. +0.7%.
    3 misses, 2 beats.  [View news story]
    December is the biggest month for retail sales. This year December was very weak, imagine how soft the months to come are going to be =======> VERY BAD..
    Jan 6, 2011. 08:51 AM | 1 Like Like |Link to Comment
  • Dec. same-store sales (actual vs. Briefing.com estimate), update #2:
    ANF +15% vs. +10.1%.
    ARO -5% vs. -3.1%.
    AEO -11% vs. -1.8%.
    BONT +0.1% vs. +2.3%.
    DDS +7% vs. +2.4%.
    FRED +0.2% vs. +1.4%.
    GPS -8% vs. +2.4%.
    M +3.9% vs. +4.6%.
    6 misses, 2 beats.  [View news story]
    December is supposed to be the biggest month for retail sales. This year December was very weak, imagine how soft the months to come are going to be =======> VERY BAD..
    Jan 6, 2011. 08:51 AM | Likes Like |Link to Comment
  • Dec. Challenger Job-Cut Report: 32,004, down from 48,711 prior and the lowest tally of the year. Downsizing activity in 2010 was at its lowest level since 1997, with 529,973 positions eliminated.  [View news story]
    Which in essence would create a job?
    Jan 5, 2011. 09:05 AM | Likes Like |Link to Comment
  • Futures pare losses after ADP posts the highest number in the history of its jobs report. Benchmark S&P -0.55%  [View news story]
    hmmm overseas where corporate tax is 10% instead of +35%
    Jan 5, 2011. 08:34 AM | 6 Likes Like |Link to Comment
  • Dec. Challenger Job-Cut Report: 32,004, down from 48,711 prior and the lowest tally of the year. Downsizing activity in 2010 was at its lowest level since 1997, with 529,973 positions eliminated.  [View news story]
    woW still losing jobs big time!

    The FOMC said in its Dec. 14 statement that “the economic recovery is continuing, though at a rate that has been insufficient to bring down unemployment.”

    OMG all their Quantitative Easing Spending and still haven’t created 1 job!
    Jan 5, 2011. 07:46 AM | 2 Likes Like |Link to Comment
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