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To: pcyhuang who wrote (56468)6/2/2012 11:08:50 AM
From: Return to Sender5 Recommendations  Read Replies (1) | Respond to of 95536
 
pcyhuang, did Bespoke say exactly what was in your post? It does not now. If possible I would like to encourage everyone to copy and paste only the commentary that they are quoting without changing it. Always copy and paste a link to the commentary. And make it very clear when you are commenting on the commentary instead of simply copying and pasting it.

On the Bespoke site I was unable to find any reference to capitulation. Instead I found what follows:

bespokeinvest.com

Worst Week Ever for US Economic Indicators?

Friday, June 1, 2012 at 04:02PM
We can't recall a worse week for US economic indicators. While it was only a four-day week, there were a large number of indicators released -- 21 to be exact. As shown below, of the 21 releases, a whopping 18 came in weaker than expected! Just 1 out of the 21 indicators came in stronger than expected. With US economic data completely collapsing this week, and the euro and gold rallying on Friday as US stocks tanked, have we just experienced a key pivot point in which the US starts to underperform the rest of the world again?






To: pcyhuang who wrote (56468)6/3/2012 1:54:29 AM
From: pcyhuang1 Recommendation  Respond to of 95536
 
A Contrarian View about the Economy's Growth

...Construction spending, income, and car sales all speak to real, measurable activity in the economy. The data are all consistent with growth — not impressive growth, but growth nonetheless. Macroeconomic Advisers, which plugs every bit of new incoming data into its existing model and continually updates its projections, said today that, after the flurry of data this week, it believes the U.S. economy is growing at a 2.4 percent rate in the current quarter. That's faster than the rate of growth in the first quarter.

So, yes, the jobs number was poor. And it shouldn't be ignored. There is a crisis of unemployment in this country and our policymakers aren't doing anything about it. But the jobs report was something of an outlier among Friday's flurry of economic data. In and of itself, the addition of 69,000 jobs in a month does not signify that the economy has lost the capacity to grow, or even that it's slowing down.

Source: http://finance.yahoo.com/blogs/daniel-gross/friday-economic-data-dump-wasn-t-bad-news-180914715.html#more-id