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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: russwinter who wrote (1231)	10/3/2003 12:00:52 PM
From: Louis V. Lambrecht	Read Replies (2) \| Respond to of 110194

Yeah, smelling fishy here. As if the markets were expecting financial/currency decisions over the weekend. Notes prices down, PM down, Euro down but energy up, notes yields up. Makes no sense. G-7 pow-wow?

To: russwinter who wrote (1231)	10/3/2003 12:04:41 PM
From: Mike da bear	Respond to of 110194

The DOL revised March payrolls down 145K. This means 145K has to get added to the number of jobs created since March. Therefore they revised up last months jobs, and this month is +57K vs -25K expected. Without this 145K revision for March we'd have lost jobs. Does anyone think we actually created 57K jobs in Sept when the initial unemployment claims went up for each week in Sept? Nobody understands the implications (or don't want to understand) of this Revision BS. But the fact is revising down in March is ignored (was 6months ago, old news), allows for increasing this month. Next March, the DOL will pull the same trick and revise down October payrolls.