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Initial Claims Miss By Most In 5 Weeks; Rise Most In 10 Weeks

Tyler Durden's picture




 

Despite hope that this time is different, and after a few weeks of improvement that was extrapolated as back-to-the-status-quo for us all, initial jobless claims rose by their most week-over-week in 10 weeks, missed expectations, and hover just below the average of the last year. Not exactly the positive trend that so many would like to use to build their "so buy stocks" thesis. This follows ADP's miss and the ISM reports' internal jobs indices misses. Of course, a 'bad' claims data is great news for more un-tapering.. the bulls, let down by Draghi, now need Friday's payroll data to be truly dismal.

 

 

Charts: Bloomberg

 

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Thu, 04/03/2014 - 08:40 | 4620675 irie1029
irie1029's picture

It's the weather.

Thu, 04/03/2014 - 09:52 | 4620935 jerry_theking_lawler
jerry_theking_lawler's picture

It's obvious that someone has to put a stop to this weather.

Thu, 04/03/2014 - 08:41 | 4620676 digitlman
digitlman's picture

Fucking WEATHER!

Thu, 04/03/2014 - 08:42 | 4620679 medium giraffe
medium giraffe's picture

All Time Highs again today then?

Thu, 04/03/2014 - 08:48 | 4620683 Squid Viscous
Squid Viscous's picture

IWTFW... it was the fucking weather -"You Idiot...now get back in there and BUY... BUY... BUY"

Thu, 04/03/2014 - 08:45 | 4620693 TideFighter
TideFighter's picture

This is what happens when the weather goes up and down-we hit last year's average. /sarc

Thu, 04/03/2014 - 08:49 | 4620711 replaceme
replaceme's picture

what's the number, 326?

Thu, 04/03/2014 - 08:52 | 4620720 irie1029
irie1029's picture

taper off

Thu, 04/03/2014 - 08:52 | 4620722 valley chick
valley chick's picture

Weather?  My early green peas are growing just fine! Harvest right on schedule. :)

Thu, 04/03/2014 - 08:53 | 4620724 buzzsaw99
buzzsaw99's picture

so moar then?

Thu, 04/03/2014 - 08:54 | 4620728 Yen Cross
Yen Cross's picture

  Q-1 earnings haven't started well, so I'm sure the bulls will find some solace in that as well...

 Uninspiring Start to Q1 Earnings Season - March 26, 2014 - Zacks.com

Thu, 04/03/2014 - 08:55 | 4620732 Hindenburg...Oh Man
Hindenburg...Oh Man's picture

Taper the taper. I'll call it: 1900 on the S/P today. Back over 4300 on the NASDAQ. New record high on the DOW. BTFD at the open (all - .05 percent of it).

Thu, 04/03/2014 - 08:59 | 4620749 rsnoble
rsnoble's picture

Another new high enroute on the backs of the fallen.  Fucking clowns.

Thu, 04/03/2014 - 09:02 | 4620760 SheepDog-One
SheepDog-One's picture

Undoubtedly 'good news' though, right up to the moment the whole hoopdy suddenly explodes into a million piece fireball like one of those salt flats rocket cars.

Thu, 04/03/2014 - 09:04 | 4620767 Cattender
Cattender's picture

it's a RECOVERY!!!! (if you keep saying something LONG Enough it becomes True!)

Thu, 04/03/2014 - 09:35 | 4620878 Jim B
Jim B's picture

I have my red ruby slippers................ Green shoots, Green shoots, Green shoots, Green shoots, Green shoots, Green shoots, Green shoots, Green shoots, Green shoots, Green shoots, Green shoots, Green shoots, Green shoots, Green shoots, Green shoots, Green shoots, Green shoots, Green shoots, Green shoots, Green shoots, Green shoots, Green shoots, Green shoots, Green shoots, Green shoots, Green shoots, Green shoots, Green shoots, Green shoots, Green shoots, Green shoots, Green shoots, Green shoots, Green shoots, Green shoots, Green shoots, Green shoots, Green shoots, Green shoots, Green shoots, Green shoots, Green shoots, Green shoots, Green shoots, Green shoots, Green shoots, Green shoots, Green shoots, Green shoots, Green shoots, Green shoots, Green shoots, Green shoots, Green shoots, Green shoots, Green shoots, Green shoots, Green shoots, Green shoots, Green shoots, Green shoots, Green shoots, Green shoots!

Red pill please!

Thu, 04/03/2014 - 09:11 | 4620782 spiral galaxy
spiral galaxy's picture

Don't need no stinking job --- I have my Obamacare and I can pay the premium (once I actually need use the insurance) with my disability check and manage the deductible with my new student loan.  So between my EBT card, unemployment check and sign & drive new car, life is good.  /s

Thu, 04/03/2014 - 09:34 | 4620876 Jim B
Jim B's picture

The new normal... Fing sad!

Thu, 04/03/2014 - 09:38 | 4620886 oklaboy
oklaboy's picture

you forgot your Obamaphone

Thu, 04/03/2014 - 09:39 | 4620890 Shad_ow
Shad_ow's picture

 Why the he77 does anyone work?

Thu, 04/03/2014 - 09:53 | 4620938 STG5IVE
STG5IVE's picture

I stopped looking in 2010

Thu, 04/03/2014 - 09:16 | 4620808 NotApplicable
NotApplicable's picture

Has anyone mentioned the weather yet?

*dumps 3 inches out of rain gauge*

Thu, 04/03/2014 - 09:31 | 4620863 The_Ungrateful_Yid
The_Ungrateful_Yid's picture

No putin in the mix so that's all time highs.

Thu, 04/03/2014 - 09:31 | 4620864 insanelysane
insanelysane's picture

Kramer is selling CAT today and by selling I mean he wants the sheeple to buy, buy, buy!  He said forget China tanking, US is about to go crazy once the mini ice age ends.

Thu, 04/03/2014 - 09:45 | 4620913 medium giraffe
medium giraffe's picture

If I was the King of Hell, Kramer would be my Court Jester.

Thu, 04/03/2014 - 09:37 | 4620883 CheapBastard
CheapBastard's picture

My neighbor's kid says he's too busy applying for EBT, Section 8, and so on, to go get a job.

Thu, 04/03/2014 - 09:38 | 4620887 The_Ungrateful_Yid
The_Ungrateful_Yid's picture

Hes just lazy

Thu, 04/03/2014 - 09:52 | 4620933 STG5IVE
STG5IVE's picture

They keep making the forms longer and more complicated to keep you distracted

Thu, 04/03/2014 - 09:56 | 4620941 yogibear
yogibear's picture

He's following the goals set forth by our current president.

Kennedy had the goal of reaching the moon before the end of his decade.

Obama's goal is to put everyone on the government payroll before the end decade.

Thu, 04/03/2014 - 09:41 | 4620901 MFLTucson
MFLTucson's picture

But dollar up!

Thu, 04/03/2014 - 09:45 | 4620911 yogibear
yogibear's picture

Bullish!

Mission Accomplished!! Dismantle NASA, science and put more effort in entitlements and social programs.

Thu, 04/03/2014 - 10:03 | 4620957 Bugman82
Bugman82's picture

Historically, we are trending towards normal or better than normal job growth.  We simply have lots of baby boomers retiring.

http://www.tradingeconomics.com/united-states/jobless-claims

Thu, 04/03/2014 - 10:38 | 4621088 nightshiftsucks
nightshiftsucks's picture

Did you forget the sarc/ ? Or is it that you forgot most baby boomers haven't saved enough to retire.

Thu, 04/03/2014 - 10:37 | 4621080 Old Man River
Old Man River's picture

Ran into a guy from Cedar Falls the other day. Traded him a Zippo for a hoop hoe and some burlap. He said that if the Comprachicos haven't already got to you, you will be asimilarated soon enough. I don't know much but something don't feel right since a few years back. Like the boogie man is coming. Anyone feel that?

Thu, 04/03/2014 - 12:52 | 4621534 CoastalCowboy
CoastalCowboy's picture

Time fill the ol' bowl with some Hopium and puff all your troubles away.....

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