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Strategies & Market Trends : Mish's Global Economic Trend Analysis -- Ignore unavailable to you. Want to Upgrade?

To: mishedlo who wrote (3368)	4/1/2004 7:41:35 PM
From: CalculatedRisk	Read Replies (3) \| Respond to of 116555

I've heard pundits predicting from 150K to 225K. The "consensus" of 123K is a joke just like last month; that would be a huge disappointment. My reaction: 175K+ is good for stocks, bad for bonds. This means there will be more pressure on the Fed to raise rates, because people will believe the economy is picking up (good for stocks) 125K to 175K is neutral. Under 125K is a bust. Depending on how far we are below that number, the bigger the bond rally.

To: mishedlo who wrote (3368)	4/1/2004 10:37:41 PM
From: russwinter	Respond to of 116555

Scenario #1 - My favorite 110,000 1 is probably the real world actual figure, but this time they concoct some bogus higher number.

To: mishedlo who wrote (3368)	4/2/2004 12:06:59 AM
From: gregor_us	Respond to of 116555

Mish That's Great That You Always Model-Out Scenarios for yourself--and us. I'm going with an Occam's Razor view towards tomorrow's job numbers: no matter what the Figure is, the US Stock Market is going to go down strongly by the close. There is simply way to much pressure here and as we have noted, the Fed is in a corner. Economic Weakness and Economic Strength--right here--are bad, bad, bad, for stocks. Regards, LP

To: mishedlo who wrote (3368)	4/2/2004 7:59:25 AM
From: mishedlo	Read Replies (2) \| Respond to of 116555

Sun Micro cuts jobs, warns on Q3, settles with MSFT (SUNW) By Tomi Kilgore NEW YORK (CBS.MW) - Sun Microsystems (SUNW) said it would cut 3,300 jobs as part of a corporate restructuring, warned that fiscal third-quarter results would miss expectations, and said it has entered into a cooperation agreement, and settled all outstanding litigation with Microsoft (MSFT) . The company expects to record a $475 million charge, including $200 million in the third quarter, for the job cuts and portfolio capacity reductions. The server maker added that it expects losses, excluding any charges, for the quarter ending March to be 6 to 8 cents a share and revenue to be $2.65 billion, below the average analyst estimates of a loss of 3 cents a share and revenue of $2.85 billion. "We are resizing the company to better align our cost structure," said Chairman Scott McNealy. "Network omputing solutions that solve our customers' complex computing problems remains our focus." The stock was last down 26 cents, or 6.2 percent, at $3.93 in Instinet pre-open trading.