To: Softechie who wrote (11352 ) 12/7/2001 10:01:57 AM From: LTK007 Read Replies (1) | Respond to market in a high liquidity highly speculative state tends to have to capacity of a sieve to hold the flow a hard news item when it hits.I read this bucket full of negativity in this report and i wonder if the retention capacity of investors will remain a sieve? Probably:) We will see.I boldface the bad out of sarcasm.far worse than the 189,000 that Wall Street economists had anticipated -- on top of a revised 468,000 that were cut in October. Previously, the department said 415,000 jobs were shed in October.The shocking report comes just days before Federal Reserve policymakers are scheduled to meet to consider interest-rate strategy. The Fed has reduced rates 10 times already this year and analysts said the bleak figures made an 11th reduction a virtual certainty, with the only question being its size."We were set up for strength but we got weakness. The details are not pretty," said economist Christopher Low of First Tennessee Capital Markets in New York."I think this is going to make the market think about leaning toward a (half-percentage) point cut. -- i insert-- o goody more liquidity,let's buy--the money managers respond --- It definitely takes no cut off the table," he said.WORST LOSSES IN TWO DECADES ---gees worse than 91?and market is now way over-valued.This is definitely a time to buy--money managers think--buy at the worst news,who cares if the stock prices are already priced in for great news ----The October and November job losses were the worst for any two months in more than 20 years, since May and June of 1980, department officials said. October's losses were attributed partly to the aftermath of the Sept. 11 attacks but the report suggested the cycle of job losses may take some time to staunch. for how long,for a day? The dollar's value suffered as currency markets reassessed prospects for the world's largest economy, which most analysts were speculating might have to endure only a relatively mild recession before resuming growth early in 2002. -- o that is silly,fund money managers think--those negative thinkers should be shot.Can't wait until i can get on CNBC i tell every body about what a V-recovery means ---"Some people have begun to say the recession is diminishing in force and I think those conclusions are premature," said economist Carol Stone of Nomura Securities International Inc. in New York. The hemorrhaging of factory-sector jobs worsened in November as another 163,000 jobs were cut on top of 124,000 in October.>>> End article,watch the sieve handle this--he said,sarcastically.
