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

To: Stoctrash who wrote (39804)	5/31/2001 9:08:07 PM
From: TWICK	Read Replies (1) \| Respond to of 50167

The popular theory is that the jobless rate is a lagging indicator, and the rise is the delayed effect of the slowdown in growth since last spring. That's the most ridiculous theory I've ever heard. It doesn't make any sense, except to the stupid Analysts who then feed this crap to the poor account holders, who then just assume that it's correct since their stupid Analyst told them so. The bottom line is that the leading indicators based on the economic fundamentals don't see a recovery yet, but the markets do. I'd be a lot more comfortable if the fundamentals confirmed what the markets are saying. Again, something you hear every friggin day on CNBC and other news services. "The market's discounted all the bad news." "We finally hit bottom". "Q2 is when all will be OK, and this was just a big buy-on-the-dip correction". Blah. Blah. Blah. Makes me sick. Great post BTW. Thanks for sharing. Twick

To: Stoctrash who wrote (39804)	5/31/2001 9:45:55 PM
From: GROUND ZERO™	Read Replies (2) \| Respond to of 50167

Here's how it works... the specialists on the floor of the exchange feed their propaganda to the idiots at CNBC who parrot to the public what they were just fed... isn't it obvious... in other words, the specialists on the floor are using CNBC to get their position out to the public so they can fade their own reports and clean out the day traders... beyond that, you really ought to turn off the television set and get some fresh air... these markets are going to rally long before the recovery is on the horizon.....BWDIK GZ just another lemming in the bunch