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Payrolls Pump Deja Vu All Over Again

Tyler Durden's picture




 

What happens next?

Another squeeze...

 

but we seem to have moved a little fast this time...

 

Chart: Bloomberg

 

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Fri, 05/08/2015 - 11:08 | 6072899 TeamDepends
TeamDepends's picture

Road trip!

Fri, 05/08/2015 - 13:38 | 6073419 gbcirino
gbcirino's picture

logged in to thank you about this particulary on spot song :P

 

let's see you all in hell!

Fri, 05/08/2015 - 11:09 | 6072901 saints51
saints51's picture

Dow 20k..... This is a super duper balloon lined with Kevlar and hemp.

Fri, 05/08/2015 - 11:11 | 6072911 Soul Glow
Soul Glow's picture

And Bernanke is the Wizard of Oz.

Fri, 05/08/2015 - 11:16 | 6072931 saints51
saints51's picture

Uncle Yellen is the new Wizard. Fed loves using Grandpa's as chairsatan.

Fri, 05/08/2015 - 11:45 | 6073043 NotApplicable
NotApplicable's picture

Don't forget what the super duper balloon is filled with, digital IOUs. They're going to have to be even lighter than hydrogen to float this pig, question is, will they be as volatile (if not worse), too?

Oh, the humanity!

Fri, 05/08/2015 - 11:09 | 6072902 Oh regional Indian
Oh regional Indian's picture

I think the war effort is going to raise the employment NUMBers significantly in the next two quarters.

Tragic and probably true. They might even call a draft in th eUS this year. Failing empires tend to do that.

Sad.

Meanwhile, clear your mind: Sequence 17, Big sound recommended ;-)

https://www.youtube.com/watch?v=5BrvoWEw2J8

Fri, 05/08/2015 - 11:12 | 6072915 Soul Glow
Soul Glow's picture

Americans wouldn't go for it.  We like to fund terrorist groups we call "rebels", not fight the wars ourselves.

Fri, 05/08/2015 - 11:12 | 6072916 viahj
viahj's picture

+1 for the reminder to practice my Kiowa flute.

-1 for the propsed draft.  the people would revolt.

Fri, 05/08/2015 - 11:20 | 6072952 Oh regional Indian
Oh regional Indian's picture

I sure hope so for all your sakes via.

Kiowa flute, exquisite sound, do share if called.

Fri, 05/08/2015 - 11:16 | 6072935 Consuelo
Consuelo's picture

Yes, now you're on to the real deal.   The U.S. will be in need of a 'patriot-drip' to revive the spirit fairly soon.   What with Syria on the front burner again and Russia gearing up to do what they should have done a year ago, we need a good dose of flag-waving Hoo-Rah, armchair Sgt. Rock-kill-em-all-let-Gawd-sort-'em-out, slavish boot-licking to bring us back to greatness...

Fri, 05/08/2015 - 11:25 | 6072976 Oh regional Indian
Oh regional Indian's picture

Brutal troof!

Fri, 05/08/2015 - 11:13 | 6072918 Dr. Engali
Dr. Engali's picture

We keep trading sideways until Jade Helm assets are in place in preparation for the fall collapse. 

Fri, 05/08/2015 - 11:18 | 6072944 unplugged
unplugged's picture

Won't things be worse on the east coast? Jade Helm is right now targeting just the southwest, or so goes the public knowledge.  Gonna need a 3x Jade Helm build-up from Boston on down to Miami, stretching west to St Louis (Ferguson). 

Fri, 05/08/2015 - 11:26 | 6072977 Dr. Engali
Dr. Engali's picture

They'll let that area take each other out then come in and mop up. Why do you think they are inciting the race wars?  

Fri, 05/08/2015 - 11:13 | 6072919 FreeShitter
FreeShitter's picture

SAme thing thats been happening short term; A sideways shitshow. Long term needs more QE or a correction/crash/collapse...

Fri, 05/08/2015 - 11:14 | 6072926 The Bell Rang
The Bell Rang's picture

Bull face now...:)  at the end of the day...:(

Fri, 05/08/2015 - 11:16 | 6072937 wmbz
wmbz's picture

Apparently everyone that wants a job has one, with the exception of perhaps a few people that are just to picky.

99% of all the happy greeters at Waldo World are in their 70's&80's. I assume they are having to much fun to retire!

At the rate we are going we could have an unemployment rate of 1-2% by the time Obozo leaves office, assuming he does.

 

Fri, 05/08/2015 - 11:21 | 6072956 BeaverCream
BeaverCream's picture

Welcome to Costco, I love you.

Fri, 05/08/2015 - 11:24 | 6072967 unplugged
unplugged's picture

then next:  welcome to FEMA-mart

Fri, 05/08/2015 - 11:21 | 6072958 kaa1016
kaa1016's picture

Short VXX. After the last jobs report, it fell 3 points in a week. Given where the VIX futures are, VXX ha at least another 2 points downside by next Friday. The May 19 puts at 0.04 has a good risk/reward profile.

Fri, 05/08/2015 - 11:23 | 6072962 lunaticfringe
lunaticfringe's picture

Loved the downward revision of 41,000 jobs to the ugly March number. Also love that 94 million Americans do not have jobs and are not counted by the BLS. 

It's the shitshow that never goes away.

Fri, 05/08/2015 - 11:24 | 6072966 Yen Cross
Yen Cross's picture

  Did you guys see the revisions to last months payrolls. JFC... How anyone can take these numbers at face value is beyond me.

 non-farm revised to 86 from 125 WTF?

 private non-farm revised from 129 to 94 WTF?

 The headline numbers didn't even meet consensus numbers.

Fri, 05/08/2015 - 11:28 | 6072982 NoDebt
NoDebt's picture

If I told you that you actually only made half as much money last year as you previously thought, but absoluely nothing in the present changed because of that, would you care?

That's what these numbers mean.  Nothing.

Fri, 05/08/2015 - 11:28 | 6072988 Keltner Channel Surf
Keltner Channel Surf's picture

As their system's broken, maybe they'll declare "self-help" and revise weekly.

Fri, 05/08/2015 - 11:27 | 6072970 thunderchief
thunderchief's picture

I Don't know why they even bother with these horrible job numbers anymore.  

It's not like anyone cares how many Chinese people were hired, or people in Africa got jobs, or even how much they were paid.  In  fact the less jobs means more desperate poor people and cheaper goods!

I cannot believe any billionaire in the USA wouldn't tip his hat to more young Americans being tossed into the bottomless pit of jobless poverty.  

Remember, for the rich, poverty rocks, and it's just one more college kid that can scrub toilets for nothing.

I think the word for this new American reality is globalism, and just like the militarisation of the police, America is slowly becoming the very same thing it invaded, napalmed,  couped,  and bankrupted the world over. 

Enjoy the soup American, you're baisting in it now.

Fri, 05/08/2015 - 12:26 | 6073177 Sages wife
Sages wife's picture

It would be kinda cute to be able to have a somewhat intellectual conversation with the help on occasion.

Fri, 05/08/2015 - 11:34 | 6073008 Law97
Law97's picture

Last month, bad payrolls resulted in a quick dump and pump.  Bad news being good.  This month good payrolls has given us the 'pump' and now all that's missing is the 'dump.'  It's surprising they have held off the dump for this long, usually it takes only an hour or two to round-trip aftyer the initial reaction.

 

Unless the market has suddenly started reacting 180 degrees from how it has acted the last year, then we are almost guaranteed the dump before the end of the day.  Then again, the pattern has become so predictable, wouldn't it be just like them to fake out all the shorts today and just send it higher.  I get nervous when a pattern gets too predictable...

Fri, 05/08/2015 - 12:01 | 6073114 Weaponized Innocense
Weaponized Innocense's picture

Least we have the IRS to bust all peeps w small bizness' depositing less than $10,000 EVER as a reason to seize all their cash. Same goes with the rest of u making less than 10K pay checks.
Interesting and one can't deposit over 10K either as mobile deposit accepts no more than 10K per day in deposits.
How conveniently cornered. I remember my parents tripping on these laws so the gov could snoop on ur deposits or withdrawals...... never thought it would lead to this... But I guess we r all criminals if we can't transfer our billions around to black holes of who knows where the hell that money went....
Can't wait till they train the robots to destroy mankind for them! IM BORED!

Fri, 05/08/2015 - 12:13 | 6073142 Weaponized Innocense
Weaponized Innocense's picture

My parents were honest peeps so they had nothing to fear but what I am seeing happen today to honest peeps with these matters.

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