BLS
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Economic Update: Jobs Report is Classic Case of Buy the Rumor, Sell the News (Unless the News Has A Hot Friend Who Likes 3-Somes)
The market bounced around a bit on Friday before closing down (something about conflict in the Middle East, spiking commodity prices, and Gabe Kaplan not showing up for the Welcome Back Kotter reunion) as investors were buying the dip, selling the rip, all while ogling the nip slip. That said, the big news of the…
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Economic Update: Lies, Damn Lies, and The B(L)S Jobs Report
Wow. Just fucking wow. Even with stability in the Middle East more fragile than an osteoporosis sufferer’s boney coccyx as Egyptian government officials join in the protests against their own government (which is a bit like Alan Greenspan protesting against fiat currency or Camille Crimson protesting against hummers) and Jordan contemplates reforms to lessen the…
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6/4/10 Midafternoon Report: Jobs report challenges Marmaduke movie for biggest bomb released on Friday
The (No) Labor Department’s jobs report came out today and was well below analyst guesses which sent the market tumbling like Tony Hayward’s Q score at a Greenpeace convention. The US added 431k jobs in May which was the biggest increase in a single month in over a decade since the internet was founded and…