it looks like "abd is good" and "increase in jobless rate is a sign truning economic situation" as per this Orwellian's at
Fed.
biz.yahoo.com
WASHINGTON, July 3 (Reuters) - A surge in the U.S. jobless rate to a nine-year high in June could reflect
a rise in economic optimism that is pulling job seekers back into a still-sluggish labor market, a Federal Reserve official said on Thursday.
and
biz.yahoo.com
A total of 30,000 nonfarm jobs were lost last month vs. the milder 3,000 decline that had been the expected by economists. Adding to the weak tone, May's payroll loss was revised to 70,000 from the 17,000 that had first been reported.
-Nat
Hi DAK, life is certainly strange at near the speed of light, with S&P, energy trusts, gold, NEM, QCOM, oil, China, Russia, India, platinum, Indonesia, Japan all up, and with timber, Argentina, and silver all down.
... and oh, almost forgot, California doing an Argentina, even as lenders beg borrowers to cash-out refi some more.
OTOH, Bush is inviting the attackers to attack some more ...
news.bbc.co.uk
"There are some who feel like the conditions are such that they can attack us there. My answer is bring them on," Mr Bush said.
... even though he does not know who is attacking from where, when, or even how.
What is next?
S&P tanking ? ... possible, very possible, but, you must keep in mind, we are, after all, travelling at close to the speed of light, where down is up, up is up, sideways is up, no news is good, bad news is better, and good news is best of all.
Then again, I prefer to be tested on buying S&P puts when the market is still going up, rather then tried holding a load of S&P longs while the market is going down, eventually, aweful day after terrible night, again and once more ... or as Malcolm would describe the situation so, 'nurses running in and out' :0)
Chugs, Jay |
