Market News

[RealMoneyIssues]

Private-sector employment increased by just 119,000 in April. Forecast was for 170,000.

Who cares, AAPL is up

Oh, wait... is it?

 

[jpcavin]

Who cares, AAPL is up

Oh, wait... is it?

APPL is down

 

[jkenjohnson]

Now that we're going down, are you going to sell? :laugh:

If you are asking me, the answer is not until my system tells me to. If I had followed all of last week, I would be up 2% more that what I am now.

 

[jkenjohnson]

APPL is down

"As Apple goes, so goes the market". Somebody's saying.

"When RMI speaks, people listen". An EF Hutton quote that was modified by me.

Crap. My saying.

 

[Birchtree]

"We make our money the old fashioned way - we steal it."

 

[weatherweenie]

Jobless Claims Unexpectedly Fell by 1,000 to 367,000,
Expected to Rise by 5,000; Trade Deficit at $51.83 Billion

 

[Viva_La_Migra]

Jobless Claims Unexpectedly Fell by 1,000 to 367,000,
Expected to Rise by 5,000; Trade Deficit at $51.83 Billion

That just means 1,000 more people have given up HOPE to get a job AND are now on the street asking for spare CHANGE.

 

[weatherweenie]

The Commerce Department says retail sales rose 0.1 percent April. Retail spending had risen 0.7 percent in March and 1 percent in February.

 

[weatherweenie]

Federal Reserve policymakers are open to further efforts to stimulate the U.S. economy if growth falters or threats escalate.

 

[Birchtree]

They can stimulate the economy if they buy equity indexes instead of bonds - how low can they push interest rates. Nothing will work until November.

 

[weatherweenie]

Facebook, FB, prices at $38/share

 

[weatherweenie]

Private Sector Jobs Rose Less Than Expected, Up 133,000 in May Vs. 150,000 Est.

 

[jkenjohnson]

Private Sector Jobs Rose Less Than Expected, Up 133,000 in May Vs. 150,000 Est.

Hope this helps me with TZA.

 

[RealMoneyIssues]

The Labor Department reports nonfarm payrolls rose by 69,000 in May, the fewest since May 2011 and significantly less than the 150,000 economists were expecting. The unemployment rate rose to 8.2% from 8.1%. Economists had expected the rate to hold at 8.1%.

 

[CrabClaw]

Employment in U.S. Increased 69,000 in May - Bloomberg

 

[law87]

jeez I fund down 2+% premarket

 

[Sensei]

jeez I fund down 2+% premarket

DAX is down almost 4% all of a sudden. Apparently the bad jobs and increased unemployment data are not good news. Who knew?

 

[jkenjohnson]

TZA is going to take off today. Get out of the way BT and Ferdinand

 

[James48843]

Employment numbers less than expected, at 69,000 jobs added, when 120,000 was expected. As a result, pre-open futures drop 1.64%.


We'll have to see what happens this morning.


69,000 jobs added isn't great. But, on the other hand, it's still growning, not shrinking, so at least we can be glad of that. Just imagine what market reaction would be if we were shrinking instead.

 

[nnuut]

The Jobs numbers need to be at least +250,000 a month in order to recover, it appears to me we have been shrinking since 2009.
http://www.bls.gov/news.release/archives/empsit_02062009.pdf