Advice to a Young Market Participant
“I’m rapidly losing faith in this whole game, Barry.” > I received a disturbing email from promising young man who...
1.031mm didn’t work b/c of the weather BUT…
The BLS said that 1.031mm were unable to work in b/c of the weather vs the avg for Feb of 291k BUT the BLS said “in the...
Weather, schmether
Feb Payrolls fell by 36k, better than the estimate of -68k which had been falling due to concerns with weather but two weeks ago, the...
NFP = -36,000
BLS: Nonfarm payroll employment was little changed (-36,000) in February, and the unemployment rate held at 9.7 percent, the U.S. Bureau...
Bulls have free pass today on the data
In terms of the reaction to today’s payroll figure, the bulls have a free pass as a bad report would be attributed to weather and a...
You Can Ignore Non Farm Payroll Day
Over the past few years, we have admonished traders to ignore the gyrations of any given NFP report. A single monthly number in a series...
Despite Warnings, Markets are Sanguine Ahead of Payrolls
Good Evening: The U.S. capital markets have done little since I penned a tongue-in-cheek apology to Fed Chairman Bernanke, and today was...
Homemade Flying Hovercraft
Cool: New Zealander Rudy Heeman has been showing off his latest garage invention – a hovercraft which takes off at 70kmh. . Follow...
Open Thread: Dow, S&P500 Positive for 2010
The Dow bounced into positive territory for the year today. SPX did the same earlier this week. Will the 2Q be any better than Q1? What...
Revisiting “The Obama Economy”
The rhetoric you use to make your point says a lot about a) the strength of your argument; 2) you personally. There is no better example...