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IBDvalueinvestin (99.68)

Market rebound on jobless numbers Thursday which have been beating estimates with lower losses this spring.

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May 13, 2009 – Comments (3)

 
May 14 08:30 Core PPI Apr
0.0% 0.1% 0.0%
May 14 08:30 Initial Claims 05/09
580k NA 601K
May 14 08:30 PPI Apr
0.2% 0.1% -1.2%

3 Comments – Post Your Own

#1) On May 13, 2009 at 4:12 PM, MikeBobulinski (< 20) wrote:

The real questions:

1. Will the numbers that come out Thursday be enough to spark a rebound?

2. How bad will the revision to previous numbers be?

Or:

3. Will the numbers that come out tomorrow, be yet another catalyst to drive the market lower?

I am optimistic that the numbers will continue to reflect an easing in the job world, but my optimism is tainted with a healthy dose of reality, and that reality is the fact that the numbers this week have not been so stellar, and I don't expect the numbers coming out tomorrow to be anything different.  But we'll have to wait and see.

Fool on... 

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#2) On May 13, 2009 at 5:13 PM, GenericMike (< 20) wrote:

Nah.

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#3) On May 13, 2009 at 6:22 PM, wolfhounds (28.97) wrote:

Job losses reported last month             533,000

Seasonal adjustment by Labor Dept        65,000

Part timers hired by census bureau         60,000

 

Actual job losses last month                  658,000

The reported numbers have always been revised higher as if the market is supposed to ignore them. Usually, it does. This time should be no different. 

Why should job losses diverge from foreclosure rates?

 

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