Posted on 06/04/2008 5:53:53 AM PDT by Brilliant
U.S. stock futures are pulling off their lows as an employment reading shows that the private sector added jobs last month.
The ADP National Employment Report arriving Wednesday shows that the private sector added 40,000 jobs in May, rather than declined by 60,000 as economists had been expecting, according to Dow Jones Newswires.
Dow Jones industrial average futures are down 20, or 0.16 percent, at 12,384, off their earlier lows.
WE’RE DOOMED!!! Maybe not.
I guess the Obama supporters on CNBC, like little pinch-faced Becky Quick, will just have to work harder to talk the economy into recession. That has been their mission for the past 18 months, and they had almost succeeded until these little glimmers of good news leaked out. Time to have those dour discussions every morning on whether we are in a recession or depression.
I’m sure this will be prominently mentioned on all the networks tonight. not.
What history?
Lehman Brothers is the next Bear Sterns... It’s coming....
Wall Street has an idea... It’s already on Drudge...
I would probably have asked the same thing a year or two ago, but if anything, the illegals are declining right now, so you gotta believe that if there is a net gain of 40,000, then probably there is a net gain of even more among US citizens.
“but if anything, the illegals are declining right now?”
oh yea...right...I forgot
there’s only 19, 999,000 in America instead of the 20 million that were here last year.
be sure and let the Ford employees at the four plants that are closing down know about all this good news...
It’s not doom or armageddon that looms - it’s just economic decline - squalidness and such...
The single up’s and downs in the futures market (especially in the futures market) are completely insignificant for a glimpse at the economical state of the US.
Better indicators are real interests, trade gap, housing market, debt, foreign direct invest, dividends of the indexed enterprises, etc.
The ammount of owners capital in the entire home market has declined from 57 to 48% from 2002 until now.
Debt in relation to the national income has grown by 63% in the same time.
Investors just don’t like that - and if you want to export somethin you got to be able to pay for production costs.
e.g american airlines got a real old pool of planes compared to asian and european carriers - that’s double trouble with the fuel bills.
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