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JOLTS Drop Un-Confirms BLS 'Reality'

Submitted by Tyler Durden on 10/10/2012 10:15 -0400

As if we needed further confirmation of the un-reality of Friday's BLS data, the JOLTS data just printed with the largest two-month drop in ten months (and the first two-months-in-a-row of falling job openings this year). Of course this is data for August and the unemployment rate was for September - which we are sure makes all the difference...

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Wed, 10/10/2012 - 10:17 | 2874663 fightthepower

Fuck you Bernanke!

Wed, 10/10/2012 - 10:38 | 2874724 Ancona

I just never get tired of that one!

Wed, 10/10/2012 - 12:21 | 2875149 Stoploss

Im jolted, JOLTED i say..

Wed, 10/10/2012 - 10:20 | 2874668 fonzannoon

Look at cummins today....what was it down yesterday? 6%? If it misses, buy it. If it misses big....buy the shit out of it. That's how it goes these days. Oh and with Alcoa...I guess if it "beats" sell the hell out of it.

Up is down.

Wed, 10/10/2012 - 10:26 | 2874681 GetZeeGold

I'm going to let you buy it and see what happens.

Wed, 10/10/2012 - 10:33 | 2874690 Dr. Engali

To be fair AA had some serious margin compression. Even though they "beat the street" by selling off AA acted like it should have. CMI has been selling down for a while into this news. It is currently at a long term technical support area. IMHO both stocks are acting in a manner which reflects fundamentals.

Wed, 10/10/2012 - 10:53 | 2874766 fonzannoon

I would argue that both stocks are grossly overvalued due to fed policy, and I know you feel the same way. I can see the technical support argument and the trading mentality. I also cannot prove this with tons of facts, but my gut tells me if you spent this whole year buying anything that missed, without regard for any information that could impact your true decision making process, you made a killing.

By the way I posted this the other day. Yen Cross got a real kick out of it. Check it out if you have a few mins.

http://www.youtube.com/watch?v=x0GZSZD-e4A&feature=youtube_gdata_player

Wed, 10/10/2012 - 11:09 | 2874849 Dr. Engali

Agreed ..everything is over valued, fundementals was probably not the right term. But They are acting in the way I would expect them to act. Thank you for the link. I'm watching it now.

Wed, 10/10/2012 - 10:21 | 2874669 mrktwtch2

you cant handle the truth!!..lol

Wed, 10/10/2012 - 10:22 | 2874673 RSloane

Its beginning to unravel at the most basic level which includes simple counting and arithmatic. What's the skilled technique required for counting, other than counting?

Wed, 10/10/2012 - 10:29 | 2874695 WatchingIgnorance

Yes, they are running up against the most powerful enemy of all. MATH!!!! It is funny to watch as reality catches up with fantasy. I am sure they can find it on a map somewhere and bomb the hell out of it. It must be stopped!!!

On a similar note: Remember how mom used to say that if you tell a lie, you will have to tell another lie later to cover it up, and then another, and then another . . . I wonder if they even know where reality is anymore.

Wed, 10/10/2012 - 10:52 | 2874765 RSloane

What's important to them is that we don't know what the reality is.

Wed, 10/10/2012 - 10:31 | 2874704 adr

Do you remember the college math professors telling you that it is possible to prove that 2+2=5. I do.

I guess that is how you get Krugman.

Wed, 10/10/2012 - 14:30 | 2875656 socalbeach

0 = (x-1)

0 / (x-1) = (x-1) / (x-1) = 1

2+2+0 = 2+2+1

2+2 = 5

- Professor Krugman

Wed, 10/10/2012 - 10:26 | 2874677 slaughterer

If this earnings season is wagered on accounting tricks, then JPM/GS/BAC/WFC/C will produce some doozies. If you are cynical, you are in FAS as of this morning.

Wed, 10/10/2012 - 10:26 | 2874687 toomanyfakecons...

Lying with statistics will not save the Golfer-in-Chief from Benghazigate!

Wed, 10/10/2012 - 10:28 | 2874688 slaughterer

WTI + 1%

AAPL +1%

neck and neck

until the iPad mini announcement or non-announcement.

Wed, 10/10/2012 - 10:30 | 2874696 adr

Samsung announced the Galaxy S III mini.

Wed, 10/10/2012 - 10:29 | 2874694 adr

It's OK, all drops in the expected increase of inventory actually mean shortages.

Look at natural gas. If the INCREASE in surplus inventory is less than 84 million that actually means there is a shortage so the price must increase. Doesn't matter that storage facilities are overflowing, commodities in storage actually don't exist, IT IS ONLY THE FLOW AT THE MOMENT THAT MATTERS!

Job openings going down must mean that MILLIONS OF PEOPLE WERE HIRED!!!! Why would there be less jobs available? There are never fewer jobs unless companies have already hired more people.

THE MARKET EXISTS IN THE DIMENSION OF UNLOGIC.

Wed, 10/10/2012 - 10:35 | 2874713 wonderatitall

exactly!!!!!!!!!!!!!! the masters who bought the lord of puttt in 2008 will not let us down.

anyone notice how evercore a collection of godman and clinton cronies are buying up natural resources anywhere....bernacke and obama sitting in a tree...fucking us one two three...

i know irag was a stupid idea of bush but i think he should be mocked for bernacke...a raving insane demcrat that has only one idea...PRINT MOTHERFUCKERS

Wed, 10/10/2012 - 10:33 | 2874709 kaiserhoff

BIG LIES need lots of repetition.

Wed, 10/10/2012 - 10:35 | 2874718 Shizzmoney

I don't know about you guys, but will all of this "propserity", I am going to go out and take on some debt to buy me some stocks!

Wed, 10/10/2012 - 10:41 | 2874737 Everybodys All ...

No business owner is hiring anyone going in to this election except for the normal Christmas seasonal hiring. They will wait. Obamacare is so onerous that employers will either cut employees hours to part time or the head count.

Wed, 10/10/2012 - 10:46 | 2874748 kaiserhoff

True for every business owner I know. That damn thing is a death march for jobs.

Who will benefit? Geezers already on medicare. More grief for the lost generation.

Wed, 10/10/2012 - 10:42 | 2874738 Perdogg