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Politics : Idea Of The Day -- Ignore unavailable to you. Want to Upgrade?


To: Jerry Olson who wrote (28564)9/3/1999 7:52:00 AM
From: Jeff Jordan  Read Replies (1) | Respond to of 50167
 
cbs.marketwatch.com

CBS.MarketWatch.com expects 214,000 new jobs, significantly less than the 310,000 net new jobs created in July, but enough to keep the pressure on labor markets.

"We'll see essentially a bearish report" with "signs that labor markets are still very tight," said Joe Abate, economist at Lehman Bros.

"Anything can happen in the jobs report," said Hugh Johnson, chief investment strategist for First Albany. He's predicting 245,000 new jobs, although he's the first to say the number is almost impossible to predict accurately.

"If it comes in close to that, the bond market will go down and the stock market will go down, but not a lot," Johnson said. The short end of the fixed-income markets is already pricing in a Fed rate hike by the November meeting, Johnson said.

Strong job growth is at the top of the Federal Reserve's worry list, which means that it's at the top of Wall Street's as well. The theory is that tight labor markets give workers enough bargaining power to force higher wages from their bosses.



To: Jerry Olson who wrote (28564)9/3/1999 9:37:00 AM
From: IQBAL LATIF  Read Replies (1) | Respond to of 50167
 
I think this thread has been a very strong proponent of SOX for long and I would think that Judy is enjoying the run, I assume she would be reading us and feeling good that we don't forget her although she has! If she is n0ot I would be disappointed.. ggggg

Judy is a great reader of 'semis' cycle over a period of time I have seen lot of great characters on SI, Judy ranks amongst the most impressive and genuine others like GZ, Last Shawdow, Tim luke, Scott, Nemer, James Strauss,Jenna, Ibbex, Burke, OJ,Selvin, Ms X (great views although I don't agree with him) Xorj,Lee ( my friend)gg not the other Lee my new friend are people I like to follow and recommend very highly for anyone.. These and many others have made this place a great collecton of talent..

SOX will run.. OJ. Thanks for the PM, we should have done that..