Posted on 08/03/2012 3:11:31 PM PDT by lacrew
They surged, I say....back up to Monday's levels.
My head’s gonna ‘splode. Two headlines right next to each other, even on FNC and Drudge. “jobs report great”’ “jobs report sux”.
Make up your minds already!
Thank Allah for Obama!/s
Unemployment climbs, stocks surge.
I believe stocks were up for 2 reasons:
1. The rise in the unemployment rate raises hopes that the FED will institute further easing of rates - ie QE3.
2. Wall Street firms are believing that Obama will get thrown out in November. This will be good for equities.
The subtle trick they are using is the ‘Its not as bad as expected’ ploy.
Its alot like ‘created or saved’ a job.
Or the general ploy that things would have been alot worse, if it weren’t for our Saviour, Choom Gang Barry.
Where’s the volume to say this move means more than a hill of beans?
With logic like that, it can just as easily be concluded that jobs report was bad and that increases Romney’s chances, so stocks surged... MSM is firmly in stuck on stupid territory.
The headline is very misleading, coming from MSNBC this is to be expected. The jobs report was not a strong nor good report. Stocks did not surge because of a strong jobs report.
Here’s the breakdown by company:
http://money.cnn.com/data/dow30/
Some of the companies with the biggest gains today are still down for the year (nowhere to go but up).
Which only means that the revision report will also be the biggest in five months.
The rise is the result of the realization that the rise in the unemployment rate lowers the probability of re election of the criminal tyrant regime
One born every minute
NBC=National Barack Channel.
Let the inflation begin.
“Yep, the stocks just ‘surged’ after that stellar jobs report”
It’s quite possible that this was a Romney Rally. People heard the unemployment number rise to 8.3% and are starting to think Obama is done.
BTW, Reuters reported today that the economy was trying to come out of a”soft patch”. Talk about MSM propaganda.
“Wall Street firms are believing that Obama will get thrown out in November. This will be good for equities.”
This will be good for America. And you are quite possibly right about what’s driving the postive market sentiment.
“Let the inflation begin”
For the record gold = $1603 on Friday August 3, 2012
Didn’t we have a thread yesterday talking about the seasonal adjustment that was going to skew today’s numbers. I believe someone in that threat predicted that Wall Street would jump all over those bogus numbers. A couple of weeks from now the number will be readjusted down again with little or no fanfare. There are lies, damn lies, and then there are statistics. I don’t know exactly when all these bogus employments stats began to be used. Who knows, maybe all of this stuff started with a Republican administration. I don’t particularly care to affix blame. I just want our government officials to stop lying to us. Tell us the truth and let us deal with it now.
Who is msnbc and what do they do? Are they relevant?
Or are they just like Saturday Night Live?
SNL has better writers.
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