Wednesday, June 1, 2011

Don't Listen To The Fools

Some background. At 8:30 am EDT on the first Friday of each month, the Bureau of Labor Statistics (BLS) releases the employment report (BS) for the previous month. Usually two days before, the business services company ADP releases their own version of this report. Traders use the ADP report as a guide/signal of what the BLSBS report may be 48 hours later.

Today, the ADP Report was abysmal. This caused the dollar to drop, bonds to rally and gold to spike $10.
That this is "news" to anyone still amazes me. Look around. Do you see robust economic growth? Are your friends secure in their jobs? Are homes selling quickly in your neighborhood? Is your company expanding or simply trying to get by? Only on Wall Street and in academia, where everyone exists in a fantasyland ruled by charts, studies and statistical anomalies would someone seriously believe that all is well. Don't listen to these fools. Trust your instincts.
More Here..

Prepare for More Money Printing: Analyst

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