Show-me Account Talk

Status
Not open for further replies.
Sort by newest Sort by date
Futures have recovered some since the drop. The market has been holding up fairly well in the face of bad news.

Show-me said:
Jobs down -80K expected -50K. Unemployment 5.1%. Also, JAN and FEB jobs numbers revised DOWN over 60K. RALLY TIME.

Dow futures were up 100 point just prior to the numbers and sold of to flat.

All of the cheerleaders on CNBC were pumping the number and they got spanked.

ADP jobs numbers are a freak'n joke!
Click to expand...
 
Show-me said:
Jobs down -80K expected -50K. Unemployment 5.1%. Also, JAN and FEB jobs numbers revised DOWN over 60K. RALLY TIME.

Dow futures were up 100 point just prior to the numbers and sold of to flat.

All of the cheerleaders on CNBC were pumping the number and they got spanked.

ADP jobs numbers are a freak'n joke!
Click to expand...

I used to try and use the ADP numbers as an indicator for the Friday report and gave up after getting burned on several occasions. Unemployment of 5.1% is still a pretty good number. This will also encourage traders to start betting on the next Fed rate cut.
 
anidoc said:
ADP left off a 0 and minus sign? 8K new jobs vs 80K lost?? :laugh::toung: LMAO!

This is awful news for the economy...more people out of work and not paying mortgages, buying things etc. Yet WS rallies! What's wrong with this picture?
Click to expand...
I think investors are trying to find somewhere to make money, and commodities are soooo last month. :toung:
 
Asylum said:
i think it should be "www.briefing.com/Generalcontent 2TheBigPicture" but i cant get it to come up either
Click to expand...

Did it say something like this?

'Although the job losses are a signficant sign of economic weakness, some investors were reassured that the total was not 100,000 or more.'
 
Anidoc,

Very thoughtful observation about the Fed in essence giving unlimited free drinks and business guarantees to everyone at the country club for a litttle while longer. Now this market rise makes more sense. Also thanks Asylum for the fine article about key related issues to unemployment figures.

Thinking about so many who used to be so poor, some good stories about Dr. M.L.King, Jr. today on NPR, but I haven't heard how much garbage/trash workers in Memphis make today. Might be on Memphis City job/personnel website. I did not recall that Hoover/FBI monitored threats against King, but never informed him of the particular threats. Our country has come a long way increasing overall prosperity, but looks like we are on the cusp of reversing progress for average workers. Thanks Dr. King and everyone else who exercised their freedom of speech, assembly and "free" press. Your bruises, humiliation, torture and lynchings has overcome.
 
Bring on the pain.

What can I say. :o I'm down 8% on one trade and down 7% on the other. I bought some more at $60 and still feel the same way and I went F fund.:nuts:

Bring on the pain! I can stand a little more and it won't be the first time.:cool:

Perfect storm is forming in the economy. Food and energy inflation will take off again. Weak dollar, health care rising, city and state infrastructure taking a hit due to loses of Federal fund. Education very weak and getting weaker due to cuts. I am really getting a knot in my stomach regarding the poor folks now on fixed incomes. The future seems bleak and not one of our elected deadbeat politicians will address the hard issues because of the extreme measures required to fix them.

The next Administration will have a horrible mess to deal with and historically the first two years of a new Administration the market does not do well and Bush, Cheney, Paulson, Greenspan, and Bernanke are set that one up nicely.

Job creation is stagnate and the job that are being created are very low paying. We have the second highest tax rate for corporations in the world. Not very friendly to business to create jobs. Taxes always seem to get into a huge partisan debate the the fact is no matter how much you raise corporate taxes it IS AND WILL BE passed on to the consumer. A Fairtax seems more appropriate in these changing times.

IMO, Bush will run us into the ground as he is not a thinker and in his last few months he will only throw money at any problem that comes up. Like I said a perfect storm. He won't make the hard choices in a election year or any other year for that matter. Be prepared for a horrible mess next year and when the Dem's get close to raising taxes on capital gain get ready for a big cash out.
 
The Week Ahead

Last Update: 04-Apr-08 10:59 ET

It is now the second quarter and that means a whole new round of earnings reports. Though next week is light on announcements, it marks the official start of the first quarter reporting period when Dow component Alcoa (AA) releases its results after Monday's close. General Electric (GE) bookends the reporting week with its results on Friday before the start of trading. Visit Briefing.com's Earnings Calendar for additional companies scheduled to report quarterly results.

Outside of the typical weekly announcements, the upcoming economic data is relatively light in terms of market moving information. The March same-store sales results, which will be out Thursday, will be of added interest.

Additionally, market participants will take note of the minutes from the FOMC's most recent meeting on Tuesday and the weekly initial claims report on Thursday. The impact of a weakening dollar will also be monitored through the February Trade Balance report, which is also released on Thursday.

Our Economic Calendar provides a full rundown of the week's releases.
________________________________________________________________
Monday, April 7:
  • Earnings: Alcoa (AA)
  • Economic Data: Consumer Credit for February
  • Events: Treasury Secretary Paulson speaks at Inter-American Development Bank in Miami, FL (9:30 AM ET)... Paulson and Commerce Secretary Gutierrez speak at press conference in Miami, FL (4:00 PM ET)
  • Conferences: None
  • Fed Speakers: San Francisco Fed President Yellen gives opening comments at the new San Francisco branch opening in Seattle, WA (5:30 PM ET)... Fed Vice Chairman Kohn issues remarks at aforementioned event (5:30 PM ET)
Tuesday, April 8:
  • Earnings: Sealy (ZZ)
  • Economic Data: Pending Home Sales for February... the FOMC minutes from the March 18 meeting
  • Events: None
  • Conferences: Credit Suisse Global Real Estate Conference
  • Fed Speakers: None
Wednesday, April 9:
  • Earnings: Circuit City(CC), Progressive (PGR)
  • Economic Data: February Wholesale Inventories... Weekly Crude Inventories (week ending Apr. 5)
  • Events: None
  • Conferences: Credit Suisse Global Real Estate Conference
  • Fed Speakers: Fed Chairman Bernanke speaks in Washington on financial literacy (09:30 ET)... Dallas Fed President Fisher discusses U.S. economy at luncheon in San Antonio, TX (1:30 PM ET)
Thursday, April 10:
  • Earnings: Rite Aid (RAD), Genentech (DNA)
  • Economic Data: March's Treasury Budget... February's Trade Balance... Weekly Initial Jobless Claims (week ending Apr. 5)
  • Events: March Same-Store Sales... NVIDIA Analyst Day
  • Conferences: Credit Suisse Global Real Estate Conference
  • Fed Speakers: Fed Chairman Bernanke speaks in Richmond, VA, on President's Working Group and Financial Stability Forum (13:00 ET)
Friday, April 11:
  • Earnings: General Electric(GE), Fastenal (FAST)
  • Economic Data: Import and Export Prices for March... University of Michigan's Preliminary Consumer Sentiment Report for April
  • Events: None
  • Conferences: None
  • Fed Speakers: Dallas Fed President Fisher provides welcome at trade conference in Dallas, TX (9:00 AM ET)
--Jeffrey Ham, Briefing.com
 
Hey Show-me'
I had written down on my calendar, when the TSLF Loans (from last month) were coming due - its today.
(For others, recall the Fed "Auctions" last month, where Banks were given huge Loans - due in one month? Well, today, those auction loans were to come due to be repaid!)

Wondering - any idea, even guess what, if any, effect we might see of these coming due all at once? :blink::confused:
VR
 
AP
Alcoa 1Q Profit Drops on Higher Costs
Monday April 7, 5:48 pm ET
By Daniel Lovering, AP Business Writer Alcoa 1st-Quarter Profit Plunges 54 Percent on Higher Costs, Weaker Dollar
PITTSBURGH (AP) -- Aluminum producer Alcoa Inc. said Monday its first-quarter earnings plummeted 54 percent as higher raw material and energy costs and a weaker dollar cut into results. Net income dropped to $303 million, or 37 cents per share, during the first three months of the year, compared with $662 million, or 75 cents per share, during the same period last year, the company said.

http://biz.yahoo.com/ap/080407/earns_alcoa.html
 
AP
AMD Lowers Sales Outlook, Plans Job Cuts
Monday April 7, 7:06 pm ET
By Jordan Robertson, AP Technology Writer AMD Lowers Sales Forecast for 1Q, Reveals Plan to Cut 10 Percent of Work Force
SAN FRANCISCO (AP) -- Battered by product delays and acquisition costs, beleaguered chip maker Advanced Micro Devices Inc. said Monday that it will jettison 10 percent of its work force and warned investors that first-quarter sales were lower than expected across all business lines.

http://biz.yahoo.com/ap/080407/amd_outlook.html
 
Status
Not open for further replies.

Similar threads

V
Valleymd blog (the international question)
Replies
2
Views
213
tsptalk
tsptalk
tsptalk
January 2025 AutoTracker Winners!
Replies
1
Views
369
rangerray
rangerray
TommyIV
  • Article Article
TSP Talk Weekly Wrap Up
Replies
0
Views
41
TommyIV
TommyIV
tsptalk
December 2024 AutoTracker Winners!
Replies
2
Views
428
Skooby
S
TommyIV
July Contest In Progress
Replies
5
Views
2K
TommyIV
TommyIV
Back
Top