Comments on: Reactions to Employment Data Will Mean More Than Data Itself http://www.ritholtz.com/blog/2009/01/reactions-to-employment-data-will-mean-more-than-data-itself/ Macro Perspective on the Capital Markets, Economy, Geopolitics, Technology, and Digital Media Wed, 15 Feb 2012 00:33:57 +0000 hourly 1 http://wordpress.org/?v=3.0.5 By: Ken http://www.ritholtz.com/blog/2009/01/reactions-to-employment-data-will-mean-more-than-data-itself/comment-page-1/#comment-138179 Ken Fri, 09 Jan 2009 15:20:43 +0000 http://www.ritholtz.com/blog/?p=15519#comment-138179 Stock analyst on the morning news (some CBS radio feed) after the data came out: "It wasn't 600,000 jobs lost, so the market will see this as a positive." Remind me again why the stock market is seen by some as reflective of the country's economic health? Or is the word "reflective" used in the sense of a mirror, reversing everything? Stock analyst on the morning news (some CBS radio feed) after the data came out: “It wasn’t 600,000 jobs lost, so the market will see this as a positive.”

Remind me again why the stock market is seen by some as reflective of the country’s economic health? Or is the word “reflective” used in the sense of a mirror, reversing everything?

]]> By: mlomker http://www.ritholtz.com/blog/2009/01/reactions-to-employment-data-will-mean-more-than-data-itself/comment-page-1/#comment-138143 mlomker Fri, 09 Jan 2009 12:19:49 +0000 http://www.ritholtz.com/blog/?p=15519#comment-138143 That's funny because I only care about how the market trades during the day. Ah, the joys of being a daytrader. I'm expecting an intraday move up today. That’s funny because I only care about how the market trades during the day. Ah, the joys of being a daytrader. I’m expecting an intraday move up today.

]]> By: JasRas http://www.ritholtz.com/blog/2009/01/reactions-to-employment-data-will-mean-more-than-data-itself/comment-page-1/#comment-138138 JasRas Fri, 09 Jan 2009 11:34:14 +0000 http://www.ritholtz.com/blog/?p=15519#comment-138138 It is *always* the reaction to the news that counts... Since a horrible number will no longer be a surprise, but is expected, a rally could ensue. In addition, in twisted Wall St fashion, since every bad number only makes Obama's case for a huge, expeditious, stimulus bill, and the stimulus bill is "good" and what Wall St wants, we will continue to rally on bad news until that bill is passed. Then bad new will be bad again. The worry will be how quick can it be implemented, how quick will we see the effects... It is really quite ridiculous. Since November, we've rally huge on every piece of bad news. But this too, shall pass. Wall St is a fickle date. It is *always* the reaction to the news that counts… Since a horrible number will no longer be a surprise, but is expected, a rally could ensue. In addition, in twisted Wall St fashion, since every bad number only makes Obama’s case for a huge, expeditious, stimulus bill, and the stimulus bill is “good” and what Wall St wants, we will continue to rally on bad news until that bill is passed. Then bad new will be bad again. The worry will be how quick can it be implemented, how quick will we see the effects… It is really quite ridiculous.

Since November, we’ve rally huge on every piece of bad news.

But this too, shall pass. Wall St is a fickle date.

]]> By: Jojo99 http://www.ritholtz.com/blog/2009/01/reactions-to-employment-data-will-mean-more-than-data-itself/comment-page-1/#comment-138134 Jojo99 Fri, 09 Jan 2009 09:47:28 +0000 http://www.ritholtz.com/blog/?p=15519#comment-138134 They will pitch Friday's number as a lagging indicator (as they have been doing on CNBC all week). Theyl'l say don't pay attention to the number, the future is so bright, we need sunglasses. :) They will pitch Friday’s number as a lagging indicator (as they have been doing on CNBC all week). Theyl’l say don’t pay attention to the number, the future is so bright, we need sunglasses. :)

]]>