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 ...
Debbie is up next.
The number will be great until after the election.
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.
Agreed 7.9%. Revised upward in Nov.
Another prediction: QE3 to boost stocks for za while.
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.
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.
Huge NFP and Unemployment below 8% will postpone additional QE. Right now good news is bad news.
“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.
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