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

To: RealMuLan who wrote (20178)	1/2/2005 6:46:07 PM
From: RealMuLan	Respond to of 116555

Questions on Jobs May Slow Buying Spree Sunday January 2, 4:49 pm ET By Michael J. Martinez, AP Business Writer Questions on Strength of Labor Market May Hamper Traditional New Year's Buying Spree NEW YORK (AP) -- With a choppy but ultimately solid 2004 behind it, Wall Street is looking ahead to the so-called January effect, when new money enters the market and drives stock prices higher. But with questions remaining about the strength of the labor market, Friday's job creation report from the Labor Department could determine the fate of the New Year's buying spree. ADVERTISEMENT The January effect describes the market's positive bias coming into a new year. Starting in late December, investors reshuffle portfolios to either buy up stronger stocks or to lessen their tax impact. By January, the mood shifts as investors, freed from short-term tax considerations, spread out their investments into whatever stocks they feel will do well. There's also an influx of cash from yearend bonuses. With an economy that appears to be growing steadily, a positive January effect seems like a lock again this year. But the Labor Department's jobs report is one of Wall Street's most important barometers of economic growth, and is closely watched by investors. Analysts expect the economy to have created 175,000 jobs in December. However, they expected 200,000 jobs in November and only got 112,000. With post-election exuberance and the yearend rally wearing thin, will the markets be able to absorb another negative surprise when the report is issued Friday? A better-than-expected jobs report would make that question moot, and many investors grateful. Last week, Wall Street closed out 2004 with light, uneven trading, as most investors sat out for the holidays and the few that remained shuffled portfolios and investments before the year's end. For the week, the Dow fell 0.41 percent, while the S&P rose 0.15 percent and the Nasdaq climbed 0.69 percent. biz.yahoo.com

To: RealMuLan who wrote (20178)	1/2/2005 8:02:27 PM
From: Raymond Duray	Read Replies (2) \| Respond to of 116555

Re: Ok, maybe the second in 2004, more than Japan I think. Much to your chagrin, when you mature you'll discover that the world doesn't give a damn what you think. It's what you know that matters. After all, America is stuffed full of religious idiots who "think this and that" and who are easy prey for a viper like George Bush. And prey upon them he will. If you are loose with the facts, you better have a surreally destructive scheme in mind, like George Bush does. Catastrophe sells these days. *** Re: My point is China, as a major importer of oil, has NO power of bargaining, Are you blushing or four-flushing? Who you tryin' to kid, kid? Take your efforts up to another level or expect to be a laughingstock. *** Re: Even Japan has some bargaining power in oil price. Yes. And your point is? You appear to be just as mendacious as the chronic whiners on the Right in the U.S. These little fascists won the entire political game in November and in December they're f*cking victims again because the "libruls" are trying to take the christ out of christmas, ferxristosakes! Gimme a break Yiwu. You need to get a whole lot better on facts and a whole lot disingenuous about your victim status. Otherwise, some here are going to consider you a fraud. Not in the world class fraud category like Bush, Cheney, Rumsfeld, Rove and Company, but a fraud nonetheless.

To: RealMuLan who wrote (20178)	1/2/2005 9:01:58 PM
From: Wyätt Gwyön	Read Replies (2) \| Respond to of 116555

maybe the second in 2004, more than Japan I think. yep, China has overtaken Japan as #2 importer of crude. although US is much larger consumer, China is the most important variable on the demand side since they will be the largest incremental demand growth over next 20 yrs. My point is China, as a major importer of oil, has NO power of bargaining, whatsoever they may be restricted as to the types of crude they can import, depending on their refining capabilities. but China is working hard to develop a very globally diversified supplier base with long term agreements, ranging from Northern Africa (very large investments in Sudan?, i believe) to Iran (building pipeline running the length of the country, assisting on numerous refinery projects) to Central Asia (established multilateral "Shanghai League" [or similar name, i forget] to nurture relationships w/CA countries and establish security for pipelines routed to China) to Australia. China must be scared out of their wits that the US could choke off Persian Gulf oil at will at some point in the future and bring China to economic standstill; hence China is very proactive in development of alternative suppliers and routes. worldwide hatred of US military aggression should be helpful to China's PR efforts.