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

To: yard_man who wrote (9755)	7/23/2004 3:47:40 PM
From: Haim R. Branisteanu	Read Replies (3) \| Respond to of 116555

it is true as there is this concept that in election years markets and economy are only up. I will be not surprised if the employment # will show a substantial growth for July as they will play with the "Birth /Death " ratio. They need a good employment # for the conventions and I think the FX market got the rumor that is why the USD went up IMHO and AG said it’s weakness temporary – all statistics are now adjusted for political timing I also noticed that in January they had a negative number of 320 K only to racked it up in March April and May. - they had a reason for that -when was that the Iraq issue went public ? – IMHO those # are not real surprises and those in are well aware of the direction even if they do not know the real # bls.gov After writing that it came to my mind that a friend of mine who manages substantial $$$ does not read statistics or any other research as he believes that they are all misleading. He trades on pure “black box” correlation of stocks as long as the correlation works. He developed sophisticated mathematical models and on watches it the market goes up or down and cares less about government statistics. I believe there are many like him and more so the index funds