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Technology Stocks : Novell (NOVL) dirt cheap, good buy? -- Ignore unavailable to you. Want to Upgrade?


To: Rich Young who wrote (18799)12/1/1997 11:54:00 AM
From: Don Earl  Read Replies (1) | Respond to of 42771
 
Hi Rich,

(off topic)

This was the article I was looking at:

mktnews.nasdaq.com

<The market-moving employment report is expected to show that 201,000 new jobs were created in Novmeber, down from 284,000 new jobs in October.>

This is an area that I'm still trying to get a better understanding of but from what I understand a high unemployment rate is a good thing. I imagine the Wall Street perspective would be lost on most folks standing in line at the local state job security office but that seems to be the theory anyway.

So if expectations are that there will be 83,000 less new jobs, that would suggest higher unemployment. If the numbers get blown out of the water by retail hiring, that would suggest less unemployment and a big sell off on Friday. I'm not sure if that is correct reasoning on my part but that's the way I'm reading it so far.

I should probably find a better place to kick this kind of stuff around rather than take up bandwidth here. If I can't find one, maybe I'll try to figure out how to make one. I suppose the worst that could happen is it would end up being one of those threads with no replys.

Regards,

Don