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Strategies & Market Trends : Galapagos Islands -- Ignore unavailable to you. Want to Upgrade?

To: Oral Roberts who wrote (25715)	2/7/2003 9:45:29 AM
From: Bid Buster	Respond to of 57110

Yup..employment data was all smoke and mirrors...notice how gold sold off on that data only to come right back?..so many holes in that data i think it was printed on swiss cheese.

To: Oral Roberts who wrote (25715)	2/7/2003 9:51:04 AM
From: Jorj X Mckie	Read Replies (1) \| Respond to of 57110

barfing.com finally gave a sane opinion to economic numbers 08:33 ET Jobs stronger, but no change seen in labor market Nonfarm payrolls rose a stronger than expected 143K, but 101K of this increase was from the retail sector and was simply a function of fewer layoffs after the holidays because of less hiring before the holiday. December payrolls were revised lower to a 156K decline from -101K. The unemployment rate fell unexpectedly to 5.7% from 6.0%, but this number often bounces around with little meaning. Though we have been optimistic regarding the economy, it's difficult to conclude that this report represents any sort of trend-change; more likely, it's just what we expected after a weak December - a rebound due to seasonal retail swings.