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Pastimes : The Justa & Lars Honors Bob Brinker Investment Club -- Ignore unavailable to you. Want to Upgrade?


To: Wally Mastroly who wrote (8346)9/3/1999 8:40:00 AM
From: Wally Mastroly  Read Replies (1) | Respond to of 15132
 
Jobs, wages inch forward

8:33 a ET

The American economy created
124,000 new jobs during August, the
government reported Friday, a pace
much slower than expected. Average
hourly earnings rose by only two cents,
less than the 5 cent increase expected
by economists.

cnnfn.com

-

Edit/update - some headlines:

08:30 JULY PAYROLLS REVISED TO 338,000 FROM 310,000.

08:30 JUNE PAYROLLS REVISED TO 281,000 FROM 273,000.

08:30 AUGUST CONSTRUCTION PAYROLLS FALL 29,000.

08:30 AUGUST AVERAGE HOURLY EARNINGS RISE 0.2%, BELOW ESTIMATE OF 0.3%.

08:30 AUGUST MANUFACTURING WORKWEEK FALLS TO 41.7 HOURS, OVERTIME SLIPS TO 4.6.

08:30 AUGUST AVERAGE WORKWEEK CLIMBS TO 34.6 HOURS.

08:30 AUGUST PRIVATE PAYROLLS UP 77,000.

08:30 AUGUST SERVICE-PRODUCING PAYROLLS UP 219,000.

08:30 AUGUST MANUFACTURING PAYROLLS DOWN 63,000, MOST SINCE JULY 1998.

08:30 AUGUST JOBLESS RATE SLIPS TO 4.2% FROM 4.3%, AS EXPECTED.

08:30 AUGUST NONFARM PAYROLLS UP 124,000, WELL BELOW ESTIMATE OF 214,000.



To: Wally Mastroly who wrote (8346)9/3/1999 9:11:00 AM
From: Justa Werkenstiff  Read Replies (4) | Respond to of 15132
 
Wally and All: Green light here on the market. Get out of the way. Negative sentiment has been huge and will provide fuel as been stated before. SOX makes new high yesterday in market sell off. Guess what is going to outperform over the next few weeks into expiration? The SOX. Let's see if the SOX can drag the semi equips to new highs.

But we must look at the CIBCR out at any time now even if the market could care less about this number. We will not be complacent.