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Strategies & Market Trends : Can you beat 50% per month? -- Ignore unavailable to you. Want to Upgrade?

To: Smiling Bob who wrote (12292)	11/2/2007 9:28:16 AM
From: Smiling Bob	Respond to of 19256

This guy has 25 billion, with most probably in long positions that would get smashed in a crash. Of course he's going to say what he says. Too many money managers just sticking with the program. How are so many jobs being created when most companies that have reported earnings have expressed serious concern about the future of the economy? It's now much easier to find help at Home Depot. They're about the only ones in the aisles. -- U.S. Stock Futures Climb on Higher-Than-Forecast Jobs Growth By Eric Martin Nov. 2 (Bloomberg) -- U.S. stock-index futures rose after October employment growth nearly doubled economists' projections, boosting confidence the economy has weathered the housing slump. Apple Inc., Microsoft Corp. and Dell Inc. led gains in technology companies on prospects that a strong job market will boost spending during the holiday season. Goldman Sachs Group Inc. and Citigroup Inc. gained a day after financial stocks posted their biggest loss in five years. ``A lot of the doomsaying about recession is really premature,'' said Ed Peters, chief investment officer at PanAgora Asset Management in Boston, which manages $25 billion. ``If you have job creation continuing like this, there isn't much evidence that the economy will be slipping into recession.'' Standard & Poor's 500 Index futures expiring in December increased 6.7 to 1,522.5 at 9:13 a.m. in New York. Dow Jones Industrial Average futures climbed 60 to 13,668. Nasdaq-100 futures added 15.5 to 2,231. Payrolls climbed by 166,000 after a 96,000 increase in September, the Labor Department said. Economists in a Bloomberg survey had expected a gain of 85,000. The jobless rate held at 4.7 percent. Apple, the maker of the iPod and iPhone, added $1.72 to $189.16. Microsoft, the world's biggest software company, climbed 30 cents to $37.36. Dell rose 35 cents to $30.05. Citigroup added 6 cents to $38.57, recovering some of an 8.1 percent drop yesterday spurred by a CIBC World Markets analyst's report saying the biggest U.S. bank may cut its dividend. Goldman, the most-profitable securities firm, advanced $2.69 to $242.90. Electronic Arts Electronic Arts Inc. added $2.56 to $61.30 after the world's largest vide-game maker said sales in the year ending in March will rise to as much as $4 billion, excluding an accounting change for deferred sales. That topped the $3.73 billion average of 27 analysts' estimates compiled by Bloomberg. NYSE Euronext rallied $1.99 to $92.90 after the trans- Atlantic stock and derivatives exchange said third-quarter profit rose to $258 million from $68 million a year earlier as credit- market swings spurred record trading of other securities. Excluding $22 million in merger expenses, NYSE Euronext earned $202 million, or 76 cents a share, in the quarter, up from $117 million, or 44 cents. To contact the reporter on this story: Eric Martin in New York at emartin21@bloomberg.net . Last Updated: November 2, 2007 09:14 EDT