Bill Wexler's Trading Cabana Message Board

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Non-Tech : Bill Wexler's Trading Cabana

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To: Bill Wexler who wrote (5199)	4/1/2009 8:35:54 AM
From: RockyBalboa	Read Replies (1) of 6370

Agreed.... also see ADP report still showing dreadful numbers. But - people who are out of work spend more money in the short term. Must be short term bullish. ADP Employment Change (Mar) Actual: -742K Cons.: -660K Previous: -697K this begs the question, of course, if reflation efforts will be strong enough to restart the home equity ATM (and banks willing to operate these ATMs again). The March employment figures raised a lot of questions. For example, in Germany March employment was lower than February employment. One has to go back until 1928 to see such a phenomenon. Clearly, this time with construction work lagging both due to the economy and bad weather the figures may be skewed. Then, employment figures tend to be a lagging, not leading indicator.

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