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Bill Gross Explains The Market's Response To Today's Job Number
... in under 140 characters no less
Gross: Equity market rallies b/c 200,000+ workers stop looking for jobs & the U-Rate hits 7.7%. Be careful, Europe in recession, US slowing.
— PIMCO (@PIMCO) December 7, 2012
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"Be careful..." translated ==> Buy Bill Gross "Bond King" Bond Funds before AAPL goes below $500.
Fake market response to fake numbers [all explained to you by a guy who forgot to swallow the tail on his squirrel dinner using a goddamned 'Twitter' account]...
Swell!... [Thanks for the 'pre-noon'Friday Humor' Tyler]... Does this mean I can start drinking early?...
you can always start drinking early
highly recommended, in fact
Vodka is highly recommending, but not in hour before 14:00 except for alcoholism.
It's gotta be 1400 hours somewhere...
Alcohol doesn't provide the escape from this dumbfoundingly delusional parallel economic universe I have been transported to anymore. I highly recommend hallucinogens and opiates.
LMAO, I have no idea what "swallow the tail on his squirrel dinner" meant ... so, I head over to google ... and get this!
http://www.youtube.com/watch?v=F5UbWEAB9h8
Still need help following your comment! :-)
Regards,
Cooter
I thought eagles ate fish
Well I suppose he doesn't have the mustache anymore ~ so eventually he managed to eat the whole squirrel...
Gotcha, unruly mustache.
I thought it might be hair, but I just couldn't nail it down proper.
Thanks!
Regards,
Cooter
I didn't know much about Eagles until I moved to AK. I see them often. I was surprised about a number of things...
That YouTube came from http://www.ustream.tv/decoraheagles which is proably not doing much since its December now, LOL. I didn't visit, I just saved the link. I think it will be fun to watch em raise kids next year! I will put it on my personal lap top at work with my KHYI (streaming is blocked so I have to improvise for web radio).
Regards,
Cooter
We have bald eagles that come here around Llano every year. In fact they are here now. They are bald eagles and they are big sob's.
"Manogomous"? let's see, would that mean one man per eagle? Or accompanied by a male go-go dancer?
Oh !! Monogamous !! Keep it up Zero Hedgers - soon enough none of us will be able to even read this fucking blog:
there for their or they're
loose for lose
too for two or to
it's for its
folks for people
the list goes on and on and on and on
Had to laugh when your sacred Rick Santelli pronounced 'Weimar' as 'wiener' with an m. You fucking stupid blockheads.
You mean $50...
Gross is a conspiracy-tin foil wearing-truther!
Bullshit Bill is stretching the truth:
540,000 people drop from labor force not 200,000That's just a bunch of malarkey!
"540,000..."
So you're implying Gross helped to cover up, no?
Not for nothing around the water cooler he's affectionately known as Benghazi Bill.
Any big dog that does not semi align their tongue with the Fed will not have further access to inside info
Gross mis-representation.
540,001
I updated it for you.
In the short term, market direction is given by the solution to the "Fiscal Cliff". The news from Europe and the U.S. economy will only companions.
yeah but Obama Claus is coming
You better be good for goodness sake, or else he'll drone your ass.
He's streamlined & automated the process so that the killing may go on unabated while on the annual Hawaiian Vacation... He's deserving of another Peace Prize for that maneuver...
Well, like any video game, the more you kill, the more you earn. In fact he leveled up - 4 more years of play!
If you kill 'em with drones, you get 'virgin boys & billygoats' in the afterlife... Thus the incentive...
Those 55-69 year old Robots are very productive
Unless they work for the gov't ;)
Ok, who gave me a down vote? Probably some IRS agent.
I appreciate his warning, but what's to be careful about?
The stock market isn't affected by the economy...
Agree. He of all people should know that.
It isn't affected by the economy.....until it is. Gravity is a real bitch
OT: NFLX today. The SEC serves a Wells notice to the CEO. UP 3%. Full retardo market.
OT2: Citi announces they're cutting 11,000 jobs and the stock rips higher.
Workers are moochers, don't ya know! (and the move to full automation, drone-ification, continues)
Actually, Citi is the johnny come lately who has finally gotten its computer algos all straightened out. No more need for archaic button pushers.
That one makes sense. When the SEC gets involved it's bullish for a company. After all, the SECis so corrupt and incompetent, they could fuck up convicting a live pay-per-view insider trading event
Poor Slaughterer, you need to follow the news. Netflix signed a deal with Disney to have disney films on Netflix in 2016. That means Netflix will have the next Star Wars, perhaps.
$350 is a lock. Irrational hype trumps having a theif for a CEO every time.
Just what Americans need: another Star Wars sequel. As if they aren't ignorant enough already.
Barack O'Claus is coming
Dear Investors,
Santa rally has been canceled due to my "fiscal cliff" pissing contest.
Sorry,
O'Choombah
P.S. We will tax you to death next year.
Edit : We will tax you to the point just before you die next year. We need you to keep working after all so that you can borrow and stimulate our banks, err I mean economy.
Printing or borrowing is the only way a keynesian knows to stimulate the economy, that's the only thing inflating stock prices right now. The Higher taxes are only to satisfy the peasants class envy meme and to make sure no peasants can ever climb out of the states tax structure, you are penalized for earning more than the set amounts. GE and other preferred clients will still pay zero taxes.
The reflexive urge to "be careful" has been replaced by Fed-induced complacency and outright punishment of anyone (i.e. savers, fixed-income investors seeking income) who has actually followed a rational investing approach. Prudent investors have become suckers and the rent-seeking economic leaches and their momo BTFD followers have become the winners.
Depression, not Recession Bill. As for "slowing"...way the fuck off.
Let them eat cake!
So, how come zero risk-weighted assets, like 30-yr tsys plunge 1.47% on the announcement of mildly positive employment news?? Is this the kind of assets that we want to stuff our banking system, so that they can support policies that will bring even more positive employment news??? I'm confundido...
That's a rational response. Any indication of true growth means likely inflation and thus negative for bonds.
But of course there is no growth, there isn't going to be any, and bond yields will eventually go negative, making a lot of money for bondholders in today.
The yield is down almost 0.5% this year. Bond holders have profited hugely.
So, no Skittles and unicorns? </sarc>
Print another $ Trillion or Five Trillion. Who Cares, dont like it? Go to France!!! (or Collyfornia)
Gross right,mkt wromg? Yeah.hes just frustrated cause bond yieldds goin down.Speakin of him,whats his performance record,lately?
Yeah, he made his bond bed. Now he has to lie in it.
Again why the bashing Gross? He post was 100% true. BTW bond yields going down helps most of his clients as it means prices going up. His record this year is awesome on both the equity and bond side
Uh dude? Basic principle of finance- yields down= prices up, which BENEFITS Bill.... And yeah, do take a look at his performance the last six months- he's not hurting..
Now back to the 4th grade for you, young squire- jeez, spel much?
The truth is 122,000 fewer people have jobs this month than in the month before.
They're holding the chart upside down, no other explanation.
Anything that appears to show elevation needs to be seen through the lens of "Slinky down the staircase."
Bill the market rallies because the Bernank says it rallies. Until he decides otherwise, or something blow up, that is the way it will be.
To the over exuberant....be careful.
Nothing about spent fuel pool #4 and the 7.3 Fukushimo earthquake. Guess it doesn't matter. We're doomed anyway.
Tyler. Yes, what abiout it? Any more3 news about Fukashima. I realize the effects of radiation take years to maniufest, but I think I timely update is in order.
Meanwhile, when I switched from the ESPN /sports info (that all the brain dead doctors just seem to have to watch in the lounge,) I noticed the employment numbers trumpeted on CNN.
My response: To immediately check ZH for the real story.
I have not in my memory witnessed such succint, plain spoke, accurate, unbiased honesty in accessing the state of affairs.
Bill just summarized the result of the last 4 years (or maybe 60 depending on how you wish to look at it).
Bill, you are my new hero. But you must be punished.
It is an interesting affect of mobile devices - brevity.
Yay.
Well, if I had a "mobile device" I'd punch out this message: "It's a Ponzi. Run!"
It's now Bill's turn to top that one!
Not enough information is provided to people (purposely?) via media and education.
If not a single new job were ever created from this point "forward", and all unemployment benefits expired and/or people quit looking for jobs... we'd eventually hit 0.0% unemployment.
Isn't that great, commrades???
Exactly! But, at some point the percentages would get real ugly: such as with the case when there are two folks left working and one is axed -> 50% job loss; BUT... we KNOW that that would be reported as "only one job lost!"
Only warning of the "set up".
reading the tea leaves sprinkled about.
The savior comes soon from paradise.
HI
deleted
The sheeple will all know one out of every four friends will be unemployed but will tell you that the unemployment rate is below 8% and never bother to question the government reported data. We deserve the depression coming in the next six months because americans are to stupid or intellectually lazy to figure out how they are being manipulated
The good news is ben can print print print
Anyone have a chart of the actual revenue received by the government for the last four years?
Fixed: Gross: Equity market rallies b/c 200,000+ workers stop looking for jobs & the U-Rate hits 7.7%. Be careful, Europe in recession, US slowing in recession.