Now I've Heard It All - Non Farms Misread?
WTF?? Briefing.com: " Careful examination of the (non farms) data reveals...
that the jump in the unemployment rate is not a reflection of lower employment levels."
JPMorgan Chase: "The surge in unemployment is probably an aberration. It's not because there were fewer jobs,
it's because there were more people looking for jobs. Stocks are completely misreading the situation."
The Nattering one agrees... "stocks are misreading the situation", finance down 4.1% on the day & only 20% YTD.
Despite the recent "correction", much like real estate, equities are still artificially overinflated by at least 33%.
Let's see what the spinsters tell us about $150 a barrel oil, multiple bond defaults, bank failures, and a tanking real estate market.
Oh that's right... The worst has passed, we've hit bottom, signs are appearing that the recovery is on the way, the check is in the mail, and I promise I won't...
Translated, the economy has turned the corner, flipped over three times, struck a tree and burst into flames.
Much like WalMarts ballyhooed 3.9% increase in same store sales, that caused yesterdays triple digit upsurge.... in which investors DID MISREAD THE DATA.
Today's jobs report was NOT an aberration. More people are shopping at WalMart because ITS CHEAPER and since they LOST THEIR JOBS, they HAVE TOO.
Simple math... More people ARE LOSING their jobs (8.5 million vs 6.9 million a year earlier)...
and having to look for work LONGER (3 million+ on long term claims), because there ARE FEWER jobs (-280K job growth YTD).
Common sense...
The retards (no offense to those challenged by genetic defect) at JP Morgan & Breifing.com are no more than Fed annex employees & equity market cheerleaders.
And much like the Fed, they both have ZERO credibility. Unlike those who had no choice in the matter (born challenged),
and much like speculators, these miscreants choose to think and act in a manner befitting MBA's, CEO's & pathological liars.
Last week I tanked up my larger vehicle, $49 for 12.5 gallons; today $56. JP Morgan & Breifing.com would say:
Your completely misreading the situation...
paying more is not reflective of higher price levels, its because more people are looking for gasoline. Or...
No, that's not rain falling on your head, just a warm soothing trickle down... relax and enjoy it.
I've wasted enough of my "breath" on these mental midgets... NEXT!!!
that the jump in the unemployment rate is not a reflection of lower employment levels."
JPMorgan Chase: "The surge in unemployment is probably an aberration. It's not because there were fewer jobs,
it's because there were more people looking for jobs. Stocks are completely misreading the situation."
The Nattering one agrees... "stocks are misreading the situation", finance down 4.1% on the day & only 20% YTD.
Despite the recent "correction", much like real estate, equities are still artificially overinflated by at least 33%.
Let's see what the spinsters tell us about $150 a barrel oil, multiple bond defaults, bank failures, and a tanking real estate market.
Oh that's right... The worst has passed, we've hit bottom, signs are appearing that the recovery is on the way, the check is in the mail, and I promise I won't...
Translated, the economy has turned the corner, flipped over three times, struck a tree and burst into flames.
Much like WalMarts ballyhooed 3.9% increase in same store sales, that caused yesterdays triple digit upsurge.... in which investors DID MISREAD THE DATA.
Today's jobs report was NOT an aberration. More people are shopping at WalMart because ITS CHEAPER and since they LOST THEIR JOBS, they HAVE TOO.
Simple math... More people ARE LOSING their jobs (8.5 million vs 6.9 million a year earlier)...
and having to look for work LONGER (3 million+ on long term claims), because there ARE FEWER jobs (-280K job growth YTD).
Common sense...
The retards (no offense to those challenged by genetic defect) at JP Morgan & Breifing.com are no more than Fed annex employees & equity market cheerleaders.
And much like the Fed, they both have ZERO credibility. Unlike those who had no choice in the matter (born challenged),
and much like speculators, these miscreants choose to think and act in a manner befitting MBA's, CEO's & pathological liars.
Last week I tanked up my larger vehicle, $49 for 12.5 gallons; today $56. JP Morgan & Breifing.com would say:
Your completely misreading the situation...
paying more is not reflective of higher price levels, its because more people are looking for gasoline. Or...
No, that's not rain falling on your head, just a warm soothing trickle down... relax and enjoy it.
I've wasted enough of my "breath" on these mental midgets... NEXT!!!
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