Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: Road Walker who wrote (192896)	7/1/2004 4:55:25 PM
From: i-node	Read Replies (3) \| Respond to of 1586361

>>>>>>>> Considering how we've screwed up the occupation, and the subsequent mess the country is in, it is a miracle... probably leading to a disaster. It wouldn't have mattered if Saddam had presented the Keys to Baghdad to George Bush. You would STILL be complaining. You are solely political in your motivation, perhaps because you know nothing else. History is what matters, and history will remember this as a remarkably efficient campaign. While the Left will try hard to paint it negatively, I believe the Left is just about on its last legs. People, frankly, are sick of anti-Americanism, and you guys are the root of it.

To: Road Walker who wrote (192896)	7/2/2004 11:28:03 AM
From: tejek	Respond to of 1586361

<font color=brown>John, another data point suggesting that the economy is slowing. Selling off some of my tech stocks today. The Bush people are so nervous about the economy they've got the head Bush talking about it on the tube right now.<font color=black> ******************************************************** Jobs Growth Slows in June By Rebecca Byrne TheStreet.com Senior Writer The pace of labor-market expansion eased in June, with the U.S. economy adding 112,000 jobs -- about half the consensus forecast. Friday's Labor Department report is the latest in a series of indications that the U.S. economic recovery has lost some steam, possibly giving the Federal Reserve more leeway in deciding how quickly to raise interest rates. The unemployment rate held steady at 5.6%, matching expectations. But the Labor Department also revised down the number of jobs added in May to 235,000 from 248,000, and lowered the number created in April to 324,00 from 346,000. A smaller-than-expected rise in average hourly earnings bolstered views that inflation is benign. Economists had expected a 250,000-job gain in June nonfarm payrolls. Stocks were lower on the report, with the Dow Jones Industrial Average recently losing 63 points, or 0.6%, to 10,271, and the Nasdaq Composite off 19 points, or 0.9%, to 1997. Bonds rallied, with the 10-year Treasury note recently trading up 1 3/32 to yield to a seven-week low of 4.40%. With jobs growth decelerating, the markets will have to recalculate odds of a both a Federal Reserve rate hike at its Aug. 10 meeting and the reelection of President Bush. For now, economists said, neither is a prohibitive long shot. "The Democrats will certainly try to make an issue out of this," said Vincent Ambrose, trader at Fox Investments. "I don't think the Bush people have done a good job of trumpeting the fact that we've had really good economic numbers and job growth over the last few months. The numbers may have cooled off a little recently, but we're still seeing good growth." Still, the report complicates the calculus for Bush, who despite all the economic progress has yet to see his approval rating bounce. "It's clear that the markets prefer President Bush in the upcoming election, and this does not bode well for his reelection chances," said Barry Ritholtz, chief market strategist with Maxim Group and a contributor to TheStreet.com's sister site, RealMoney.com. "When you see the polls that say voters are not all that happy with the economy, you have to remember that they actually have more insight into what's going on in the real world than do us pundits and academic economists who look at the data but might not see what's really going on."