BARF..... HAR scooby?... what's that mean in your British sense?... same as Scooby Doo, the cartoon dog?
http://www.businessweek.com/news/2013-06-07/u-dot-s-dot-stock-index-futures-little-changed-before-payrolls-report Stocks and Markets seem to have rebounded... but in my opinion, that does not bode well at all for plain folks (main street, they say here) or the true numbers of unemployed...just the opposite I believe... the better the rich few and their Markets do (apparently)... the more (putative) reason to continue to ignore or worse to augment the suffering of the many.... Doldrums.....a slow, lingering death.....for most... On Friday, June 7, 2013 1:10:01 AM UTC-4, archytas wrote: > > Don't work too hard on this bullshit Nom. This data is nearly all > meaningless because of TARP/BARF/QE and their hidden counterparts. No > one has a scooby. > > On Jun 5, 5:20 pm, nominal9 <nomin...@yahoo.com> wrote: > > Is this the end of the Market "hype"?... I like this writer's > question... > > is "bad news"... bad news, again? > > > > http://www.cnbc.com/id/100791707 > > By: JeeYeon Park <http://www.cnbc.com/id/19075466> | CNBC.com Writer > > > > Twitter > > > > 30 > > > > LinkedIn > > > > 1 > > > > Share > > > > Stocks added to sharp losses Wednesday, with the Dow down almost 150 > > points and all key S&P sectors in the red, following weakness in > overseas > > markets and as investors digested several mixed economic reports. > > > > "For most of the year, the best thing that could happen for the market > was > > to get data that were not too hot and not too cold—that would drive the > Fed > > to keep QE and continue to provide liquidity for the markets," said > Michael > > Sheldon, chief market strategist at RDM Financial Group. "However, at > some > > point, if the economic data start to deteriorate, then instead of bad > news > > becoming good news, the bad news may just be bad news. In other words, > if > > the economic data really start to turn lower, investors may start to > wonder > > whether the Fed really has any power left to turn the economy around." > > Name Price Change %Change DJIA < > http://data.cnbc.com/quotes/.DJI> Dow > > Jones Industrial Average 15007.76 -169.78 -1.12% S&P 500< > http://data.cnbc.com/quotes/.SPX> S&P > > 500 Index 1612.59 -18.79 -1.15% NASDAQ< > http://data.cnbc.com/quotes/.IXIC> Nasdaq > > Composite Index 3408.66 -36.60 -1.06% > > > > The Dow Jones Industrial Average <http://data.cnbc.com/quotes/.DJI> > dropped > > nearly 150 points, led by *Alcoa* and *Walt Disney*, extending its > losses<http://www.cnbc.com/id/100788229>from the previous session. > > > > The S&P 500 <http://data.cnbc.com/quotes/.SPX> and the Nasdaq< > http://data.cnbc.com/quotes/.IXIC>also declined. The > > *CBOE Volatility Index (VIX)*, widely considered the best gauge of fear > in > > the market, traded above 17. > > > > Most key S&P sectors were in negative territory, led by *utilities *and > * > > materials*. > > > > (*Read More*: June Market Swoon Ahead? Maybe Not, Traders Say< > http://www.cnbc.com/id/100785564> > > ) > > Play Video > > Long-Term Investment Tips: Expert > > Tim Holland, TAMRO Capital, weighs in on investing for the long haul, > as > > consumer debt declines and M&A activity picks up. > > > > The private sector created just 135,000 jobs in May< > http://www.cnbc.com/id/100791220>, > > according to the ADP National Employment Report, less than estimates for > > 165,000. The government's labor market report, which includes both > public > > and private sector employment, will be reported on Friday. Economists > > surveyed by Reuters expect to see a gain of 170,000 jobs, slightly > higher > > than the 165,000 jobs added in April. > > > > Lee Hardman, a currency economist at Bank of Tokyo-Mitsubishi, said in a > > note that the ADP report has been an inaccurate predictor of nonfarm > > private payrolls so far in 2013, over or underestimating numbers by just > > under 50,000 on average each month. Traders, however, have used the weak > > economic conditions to keep hopes up that the Federal Reserve will not > back > > off its easing measures anytime soon. > > > > Meanwhile,the pace of activity in the services sector ticked higher in > May > > to 53.7 <http://www.cnbc.com/id/100788663> from 53.1 in April, > according to > > the Institute for Supply Management's services index. A reading above 50 > > indicates expansion in the sector. However, a key employment measure > > slipped to the lowest level since last July at 50.1 from 52.0. > > > > "The ADP employment data and the employment component within the ISM > > services report, while not perfect, provide a hit that this month's > > employment data may be on the softer side," said Sheldon. > > > > (*Read More*: Why Bad News Soon May Just Become...Bad News< > http://www.cnbc.com/id/100788466>) > > > > In other economic news, factory orders rose 1 percent in April, > recovering > > from a 4.7 percent drop in March, according to the Commerce Department. > And > > unit labor costs tumbled 4.3 percent, while productivity rose 0.5 > percent. > > > > The Fed's Beige Book <http://www.cnbc.com/id/45975341>, its > > region-by-region assessment of the economy, will be out at 2 pm ET. > > Play Video > > Warning Signs You Can't Ignore: Nobel Laureate > > Robert Engle, NYU Stern professor of finance, shares his thoughts on > which > > countries face the largest systemic risks, including Japan, France, > China > > and the United States. > > > > Earlier, the Japanese Nikkei <http://data.cnbc.com/quotes/.N225-JP> > tumbled > > nearly 4 percent when Prime Minister Shinzo Abe's third "Abenomics" > arrow > > to boost the economy failed to impress investors. Other Asian indexes > and European > > bourses <http://www.cnbc.com/id/100790356> also traded lower on the > news. > > > > "The comments made by Abe today were not really a game changer and > > disappointed a market which seems to have been positioned for a USD/JPY< > http://data.cnbc.com/quotes/JPY%3D>and Nikkei rally," wrote IG Index > market strategist Stan Shamu. > > > > (*Read More*: Japan Fires 'Third Arrow,' Execution Now Key< > http://www.cnbc.com/id/100790135>) > > > > The so-called third arrow of Abe's growth-reviving strategy follows > > monetary and fiscal stimulus measures that were put into place earlier > this > > year. So far, however, Japanese stocks remain jittery on fears of a > > tapering of stimulus measures by the Federal Reserve, and stuttering > growth > > in China. > > > > In company news, Apple <http://data.cnbc.com/quotes/AAPL> declined > after > > the U.S. International Trade Commission ruled that the company infringed > on > > a patent owned by Samsung <http://data.cnbc.com/quotes/593-KR> and > issued a > > limited order stopping all imports and sales for AT&T models of the > iPhone > > 4, iPhone 3GS, iPad 3G and iPad 2 3G. > > > > (*Read More*: With Latest Ban, Has Samsung Cornered Apple?< > http://www.cnbc.com/id/100790381>) > > > > The Treasury Department said it will sell an additional 30 million > shares<http://www.cnbc.com/id/100769822>of General > > Motors <http://data.cnbc.com/quotes/GM> common stock from the > government's > > bailout of the U.S. auto sector. The Treasury, has said it will finish > its > > exit by early next year. > > > > JPMorgan Chase <http://data.cnbc.com/quotes/JPM> will take an $842 > million > > hit due to the bankruptcy of Jefferson County, Ala., the company said, > > sending its shares down 0.4 percent. > > > > Hovnanian <http://data.cnbc.com/quotes/HOV> zipped higher after the > > homebuilder posted quarterly results that topped expectations. > > > > The Mortgage Bankers Association said home loan applications fell 11.5 > > percent last week <http://www.cnbc.com/id/100790875> as interest rates > > climbed past 4 percent for the first time in a year. > > > > *—By CNBC's JeeYeon Park. Follow JeeYeon on Twitter: @JeeYeonParkCNBC< > https://twitter.com/jeeyeonparkcnbc> > > * > -- You received this message because you are subscribed to the Google Groups "Epistemology" group. To unsubscribe from this group and stop receiving emails from it, send an email to epistemology+unsubscr...@googlegroups.com. 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