You should trust the BLS more than the Dow,e conomist says...?

MarketWatch ^ | 02/11/16 | Rex Nutting

[AngelesCrestHighway]

The number of jobs in the services sector has increased by 2.4 million in the past year, while the number of jobs in goods-producing industries has risen by just 176,000. “The stock market is preoccupied with itself,” and those Wall Street blinders are leading a lot of people to think the economy is doing a lot worse than it really is, said Ian Shepherdson, chief economist for Pantheon Macroeconomics and the winner of the January Forecaster of the Month award from MarketWatch. If you watch the stock market ticker DJIA, -1.91% all day, you’re probably worried that the U.S. economy is heading into a recession, if not already there. But if you concentrate your gaze on the labor market, you’ll see that there has been “no fundamental deterioration in the economy,” he said.

[AngelesCrestHighway]

“The stock market is leading us down the wrong path.”...? Famous last words of an idiot! Someone please tell Gilligan 2.4 million service sector jobs flipping hamburgers are not going to carry the economy!

[Sooth2222]

The four most expensive words in the English language are "this time it's different."-Sir John Marks Templeton

[Zarro]

Maybe “the rabbit has died”?

[AngelesCrestHighway]

Don’t believe the Dow is the stupidest thing anyone has ever said...He must be an Obama voter...Rex Nutjob

[tbpiper]

Yeah, ignore that pesky GDP, too.

[steve8714]

Don’t believe it on the way up. Believe it on the way down.

[woodenickel]

2.4 million do you want fries with that jobs is not going to save our economy. In Bush’s time these were Mcjobs, now there the real deal.LOL

[steve8714]

Dow, what, 25% down from its high? Believe it.

[AngelesCrestHighway]

Service sector jobs are not going to save anything...These damn liberals are running on fart fumes!

[DugwayDuke]

Most of the service sector jobs are not ‘burger flippin’ jobs. Many of them pay very well.

[Sooth2222]

The median forecasts that MarketWatch publishes in the economic calendar come from the projections of the 15 forecasters who have scored the highest in our contest over the past 12 months, as well as the forecasts of the most recent winner.

I'm more interested in the predictions of the 15 forecasters who will score the highest in their contest over the next 12 months.

If you've been shouting "BUY" since March 2009, you are probably considered a genius.

The stock market is usually a leading economic indicator, not a trailing one. This guy's neighbors will probably be okay no matter what because people don't generally postpone their brain surgery or their court appearances.

[KC_Conspirator]

“I’m late”

[Terry L Smith]

I have been watching the Dow Jones, the NASDAQ, and the commodities markets, since my Economics class in 1970.

I still believe that Gilbraithian ecomonics ideology is sound, and that this guy Keynes, is actually a Chaote thaumaturge, pretending to be an economist!

The fool in this article, is a 3-shell and the pea illusionist.

There several HUNDRED MILLION out of work, and now with the gas and oil industry staggering, that is more to add.