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There ya go...TD spotted the big number.
Actual claims 486,284...an improvement over last weeks 585,509. Total for all UE programs +893,959 to 9,191,897.
Our long term systemic jobless problem continues.
expectations of 425 ?????
not according to econoday
This must be as bullish for stocks as negative rating/outlook action is for an insolvent european sovereign.
employers took a head start on the 2011 firing season...
Continuing claims rise . Current account deficit widens . Building permits fall . Housing starts miss expectations .
And yet futures are rising on the news . I'm not surprised but really , this is getting more than a bit ridiculous .
Housing starts beat expectations not missed actually.
I was looking at an expectation figure of 6% MoM for November . Housing starts came in at 3.9% . Probably just got my expectations number from a different source than TD .
Anything not positive is a fluke....that is the new mantra anyway. Because Uncle Benny said all is well and the recovery is just spiffy.
Like I said, the dip buyers are swooping in on all the speculative darlings today: SODA, YOKU, DANG, etc. They won't give up until we get that big, red, ugly candle on the SPY that takes out the 20-day or 50-day.
Hasn't our nanny state passed a law to ban those big, red ugly candles yet? They emit CO2 when they burn.
they did at the beach
it is a joke of a market. the chf tells you everything you need to know
You might be a currency trader, and if you are I would have to defer to you. But since I do not know, I have to disagree enough to point you to the EUR/USD cross....because that Euro thing really hung out over the rail yesterday and hacked it out hard.
So while the chf thing might be important in ways I don't understand, I think the whole risk on / risk off thing [which reminds me of the Karate Kid, oddly] is really hanging on the Euro right now...and somebody really should hold her hair back, you know? It is just the gentleman's thing to do.
But we'll see...and good luck out there.
The downsizing of America continues, uninterrupted.
CNBC is running a "Send Us Your Stories of Strength In The Economy" promo this morning. Let's make sure we don't miss any spin for the financial sheep shearing industry.
I have not missed any spin at all...which is why I am dizzy and, on most days, quite literally insane with anger about the CNBC propaganda machine. There, everyday I see people with no regard for their integrity or credibility. And my mama taught me that those two things are very important.
As we watch the economy die, so too are we watching this network die. And if Comcast does not hurry up with that whole merger thing, there won't be any value left to merge...which will later mean we will need to go all Whack-a-Mole on Comcast.
FEDEX miss attributed to "Strong benefit and compensation headwinds." It must be the growing strength of labor, I guess. Gotta keep the best and brightest package throwers.
When the dilithium crystals are exhausted, the CNBC holodeck will crash. It couldn't happen to better guys and talking titties.
I long for the day when, on a live Closing Bell broadcast, the lights flicker on and off, camara pans across the confused faces and back to the street backdrop when first a rock is thrown cracking the window, then a Molotov shatters against the window and burns. Camara pans back to the scared faces...
"I long for the day when..."
Here's one. Nobody is rioting in the streets or threatening to behead our leaders for not paying their college tuitions.
Wow. I have to tip my hat. That is really, really, really lowering the bar for visible evidence that things might not be all great and snorting bull fabo here in America.
However, I'll add that those things are almost certainly well on their way as evidenced by action in the treasury market...of late. Yeah, things are probably going to get quite uncomfortable in America over the next few months, and you know how that moves Americans...being uncomfortable.
But we will see...
Fine, how bout this success story. I have a house full of useless chinese shit (its allure has outworn its utility). I tried to sell it on ebay for top dollar, but everyone else was doing that too and between ebay fees and shipping, it's cost prohibitive with such low prices. As a result, I dumped it all on the thrift store and will take a self-valued deduction come tax time. In short, THERE IS A READY, WILLING, AND ABLE BUYER FOR ALL OUR USELESS SHIT!
yay! recovery is here...i mean there...i mean...
Just be patient on shorting. Our time will come again. Not yet me thinks.
Here was an interesting WSJ tidbit: iPhone costs US $1.9 Billion in trade deficit. Still wonder why we're losing jobs?
You're looking at this thing all wrong--the only thing that matters is AAPL.
FDX now down a paltry 41 cents. While gold waffles around at the lows, unable to move. RIG trading like its going to go broke, but BP is still green.
Great numbers, now just set the time machine for 2021 and we will be at full recovery.
Those are "end of presidency" numbers for sure
Bigger than that. More likely the end of the Union
Inflation as measured in 1990 = 4%, 1980 = 8%+
Inflation as measured by Bernank = 0.1%
CBOE Put/Call ratio back down to April 2101 levels as retail blows out of bond funds to buy stocks. Gold and oil are weak and will lead market lower until support lines (esp. 1219, 1200, 1173, 1129) are broken wherein the cycle of fear feeds upon itself
Retail Investors Celebrate 32 Consecutive Weeks Of Equity Outflows By Pulling Money Out Of Taxable Bond Funds As Well
Tyler, even reposting that headline 10 hours later makes me
LOLOLOLOLOLOLOL again. You kill me, man.
Not to worry-Obama had lunch with the CEOs yesterday. They will rectify the unemployment numbers by hiring after Christmas to coincide with the massive expansion of production to match the workers wants and desires. Oops sorry wrong Christmas and wrong people at the lunch!
Barry is desperately trying to find some way of addressing the needs of the multi-nationals. He's gotta somehow convince them that they will own our children whole--this one organ at a time thing is a terrible drag on growth. Uncertainty is bad for business . . . he's gotta give them something they can believe in.
Good one, Bob. Really...really a good one. I really like to LOL while going all Whack-a-Mole on things priced for stupid. Thanks man, I owe you one.
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