Today's Economic Data Docket - Services ISM And The Irrelevant Noise That Is The ADP

Tyler Durden's picture

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goldencross10's picture

Challenger = strike 1 of 4 for unemployment data this week. Sell this market, buy $FAZ, gold, silver, and high yield safe names. 

oobrien's picture

I truly can't remember the last time the ADP job report got something right.

I have no idea who hires these guys.

http://geraldcelente.proboards.com

rubearish10's picture

True, however, it often does give us opportunities to enter/exit your strategy. Numbers that cause movement are viable regardless of their lack of accuracy. This is something we should all be used to with just about every number from Central Planning and their hired thugs!

rubearish10's picture

True, however, it often does give us opportunities to enter/exit your strategy. Numbers that cause movement are viable regardless of their lack of accuracy. This is something we should all be used to with just about every number from Central Planning and their hired thugs!

smlbizman's picture

how does cnbc report the challenger numbers and the obvious dying, soon to be dead us economy...than tada!!!  liesman and adp proclaims the complete fucking opposite....how fucking stupid do you have to be to consider anything they say as truth...

Bobbyrib's picture

ADP is never right.

 

Who in their right minds would listen to these fools? Wall St. that's who!

slaughterer's picture

ADP is a joke, but it still moves markets. 

GIANTKILR's picture

So, when do I need to close the hatch on my bunker?

smlbizman's picture

i will point it out again...the 1 and 3 mos. libor is going higher every day.....slowly i turn, step by step, inch by inch, niagara falls...

mayhem_korner's picture

Tyler,

Did ZH post the GM Channel Stuffing yesterday?  All the hubbub on the debt deal seemed to take over & I don't recall seeing it.

espirit's picture

No doubt ADP will be up on McMeals, and ISM will be up on non-manufacturing.  Sounds bullish.

sarc on/off, I forget which.

the not so mighty maximiza's picture

time to rally, our maxed our credit card has had a credit limit increase.

slaughterer's picture

As expected, the "meaningless" ADP comes through with its massage, and shaves $5 off of gold, and .25 off of silver in 5 minutes.  Wait until the non-M ISM at 10:00: it will use the same masage oil. 

oobrien's picture

According to ADP, we added 114,000 jobs.

More bullshit we can't believe.

http://geraldcelente.proboards.com

Steelpulse's picture

...which means July NFP will come in at about 9K!

Silverhog's picture

ADP should open up a fudge shop on Martha's Vineyard.

Shocker's picture

I love getting pre-reports that are always not in line, or not even close. It really helps A LOOOOTTTTTT. Hahaha

hackettlad's picture

Speaking of ADP, we wonder how many of the private layoffs this month will originate at ADP following years after years of wrong, wrong and more wrong data.

Miaooowww!  Seriously though, we need to know why the ADP figure is wildly out - I know it accounts for 40% of private payroll but this is still a dominant figure and should allow it to extrapolate for the whole population with some accuracy.

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