Friday, September 7, 2012

Jobs Report - Abysmal!

Today’s jobs number were abysmal.  The expectation for job creation was between 120,000 and 140,000 jobs created.  The actual number came in at 96,000.

In a rather perverse reaction, the markets loved it.  It seems to guarantee another round of Fed action and in the past that has been good for the market.  Maybe the market likes Romney too.  It’s anybody’s guess on a day like today.  Up on bad news?  That’s good for the market.  Here’s more…

FORTUNE – “There's a lot of debate about whether or not we are better off than we were four years ago. But here's one thing that we can say for sure after this month's weak jobs report: Compared to a year ago, we are most certainly worse off.”  Full story at…
http://finance.fortune.cnn.com/2012/09/07/worse-off-in-2011/?iid=Lead

I am busy today and I’ll run the numbers and post more tonight or tomorrow, however, it is unlikely that there has been any change in the NTSM analysis.