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As Of This Moment, Obama, Who Is About To Speak At The DNC, Knows Tomorrow's NFP Number
zero hedge ^

Posted on 09/06/2012 1:55:51 PM PDT by Perdogg

While the fact that the stock market soared to new highs hours ahead of Obama's DNC speech may be a pure coincidence, we eagerly await to find out if while it is Bush's fault the economy is in the dumps 4 years after Obama took control, it will also be Bush's fault that the S&P just printed at 4 years highs. Something tells us that the answer is a resounding no. One thing we know for certain is that as of this moment the incumbent candidate knows precisely what seasonally adjusted nonfarm payroll number will be when it is announced tomorrow at 8:30 am. And since the TOTUS is very good at highlighting marginal moves in the economy, expect a leak or two during today's DNC speech.

(Excerpt) Read more at zerohedge.com ...


TOPICS: Business/Economy; News/Current Events
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To: Starboard

Debbie is up next.


21 posted on 09/06/2012 3:12:44 PM PDT by IM2MAD
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To: Hattie

The number will be great until after the election.


That’s when it all hits the fan, if Obama is re-elected. You don’t want to be near the stock market if that’s the case.


22 posted on 09/06/2012 3:13:52 PM PDT by Starboard
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To: Starboard

Interestingly, the number could drop to 8.2 or 8.1 IF people become so discouraged, they stop looking for work. Such people are not included in the stats.


23 posted on 09/06/2012 3:18:21 PM PDT by Arthurio
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To: lucky american

Agreed 7.9%. Revised upward in Nov.

Another prediction: QE3 to boost stocks for za while.


24 posted on 09/06/2012 4:11:13 PM PDT by ReaganGeneration2
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To: Starboard

If zer0 is reelected, we will have QE3 and the market will soar as all the shorts cover. There will be no headlines of Wall St. vs. Main St because Main St will be under martial law.


25 posted on 09/06/2012 4:19:13 PM PDT by reformedliberal
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To: ReaganGeneration2

Sounds about right to me, they were lowering expectation earlier this week, which told me that they actually expected the numbers to be relatively good.


26 posted on 09/06/2012 4:34:41 PM PDT by Paradox (I want Obama defeated. Period.)
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To: ReaganGeneration2

Huge NFP and Unemployment below 8% will postpone additional QE. Right now good news is bad news.


27 posted on 09/07/2012 4:22:39 AM PDT by Wyatt's Torch (I can explain it to you. I can't understand it for you.)
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To: Arthurio

“the number could drop to 8.2 or 8.1”

Good call — and logic. I didn’t think they would push it that far. Regards.


28 posted on 09/07/2012 6:02:56 AM PDT by Starboard
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