Today's Economic Data Docket - All About The NFP

Tyler Durden's picture

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Id fight Gandhi's picture

It's going negative and qe3 coming

My guess is a loss of 15k and qe3 hints start flying today. Stocks slightly up.

Tiresias's picture

Eh, I'm no Wall Street economist, but I'll throw out an -18k estimate.  Anyone else have any clue?

HowardBeale's picture

After excrutiatingly tedious calculations, I predict it will either be up or down by some number that is within the range of real numbers, not to discount the possiblity that the "real" number will fall squarely within the imaginary number domain.

oogs66's picture

I think we get a bad number with big downward revisions

J in Vegas's picture

+1 (-35,000 revision) . Always a down revision. Always. I stayed up past my bedtime to see the opening clusterfuck. I will wake up to CNBS bullshit at noon(PST) on my day off to access if all my shorts have done well. See my last recent post for stock ideas.

J in Vegas.

 

freethinker4now's picture

I have no nails left. My head is spinning. I don't know which way to turn. BUT I have my goody goody Gold :)

chump666's picture

futures are pricing in crap number.  mid august and QE3 is activated...then a rating down grade of USTs+ China sells a chunk, market goes into further meltdown in sept.  there you go crystal ball

Id fight Gandhi's picture

Don't know what to think of china. It's kinda a codependency relationship with the USA. Were the drunks they enable.

I think they want to suck us dry before getting all warlike

chump666's picture

20k ...going by amazon crappy book sales last mth.  yes i am guessing

Id fight Gandhi's picture

Since were all waiting, everyone throw out their best guess. I'm sure it'll be closer than the eCONomists.

slaughterer's picture

Headline: +65K

Private: +120K

(Later revised lower ;-))

 

Piranha's picture

If the number come in better than expected we get a small rally, but then what? The market can't feed on it for too long, its gonna end bad later in the session. We need some centralbankers to throw money at the market for an "extensive period of time" for this market to change direction.

 

Id fight Gandhi's picture

If Its BTE who knows. Bad news = qe3 sooner. Knowing uncle sugar is on his way give em a warm feeling.

spanish inquisition's picture

Not leaked.?..Gonna go with two sets of numbers, based on whether they have enough to try to end the correction now or if they need to let out more line. A better than expected will have Liesman touting "See! we're correcting", he seems to be very smug lately. So far its been weird, very controlled panic selling. As if everyone is waiting on the Fed, preventing capitulation. (reposted from goldman article)

Guess everyone is waiting for the insider info move a minute before release.

Alpine's picture

Gold/silver taken down the day before NFP results, as usual the correlation.
CFTC must be perfectly aware of this.

 

Bob's picture

Meanwhile, the politicians and corporate media talking heads, having installed Mr. Market as the impersonal and unimpeachable Arbiter of Truth, are now pointing to his recent squawks and contortions as proof that "The Market," dissatisfied with the deficit deal, is demanding further "stimulative" tax cuts and decreased government spending. 

Get money to the "job creators" while there's still time!  Never let a crisis go to waste. 

We'll be sacrificing virgins to Mr. Market before it's over. 

 

Havana White's picture

How can the data be goalseeked?  I've often wondered about these reports' integrity.  Bottom line, are the figures reported accurate?

Gringo Viejo's picture

My guess, and that's all that it is, market gos sideways today, bottom drops out Monday.

jmcadg's picture

If a bad number does the S&P drop or rise due to the forthcoming QE3?

the not so mighty maximiza's picture

only a few more minuites to go, i am so excited my nipples are hard.  I think QE3 is assured but not for the banks or the citizens , its just to keep the goverment from collapsing.   no more buyers of our debt except for QE3 process.

jmcadg's picture

No leaks, seems very strange - could be positive. I say -25k, carnage ensues!!!

Cdad's picture

0 jobs on the headline.

No matter what it is, S&P prints 1188 before the hue and cry rises enough on the BlowHorn for QE3...before the market turns for a very brief snap back.

 

island's picture

Smart marketeers know this:

1.  A low job figure continues to confirm that growth is limited, if not completely stalled.

2.  QE3, should it occur, is bad for the real economy: higher food & fuel prices, and virtually no impact on increasing consumption, and a drag on future growth.

The excessive debt of the past few decades needs to be restructured.  That is the only way to "reset" the real economy.  Along with that the debt-as-money paradigm needs to be axed, taking The Fed with it.   Of course, neither of these things (debt restructure and non-debt-based-money) will happen as long as the banksters who are running the economy can pillage, via their political accomplices, more from Main St.

 

 

 

MoneyWise's picture

Doomsters hit by a truck with the BIG number.
Recession My A$$

chinawholesaler's picture

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