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| Job report "expert" predictors https://mail.chicagofanatics.com/viewtopic.php?f=75&t=84377 |
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| Author: | hootmon [ Fri Jan 10, 2014 8:40 am ] |
| Post subject: | Job report "expert" predictors |
Quote: Employers probably expanded payrolls in December, capping the strongest year for U.S. employment since 2005, a report today may show. The addition of 197,000 jobs followed a 203,000 advance the prior month, according to the median forecast of 90 economists in a Bloomberg survey. The projected gain would bring the annual increase to 2.27 million Wrong. It was 74,000. Why do they even make these predictions? Yesterday ADP said it would be 200,000 +. Every month the predictors are off 30 to 100 percent. Are they just guessing off the top of their head or trying to skew the markets? |
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| Author: | rogers park bryan [ Fri Jan 10, 2014 8:44 am ] |
| Post subject: | Re: Job report "expert" predictors |
That was pretty crazy for a few minutes there. I get a kick out of it actually. So many of these numbers are leaked early. The true surprises are enjoyable when you're on the sideline Hoot, I dont think they're off as much as you think. You just remember the bad ones. I feel like 7 out of 10 of these things end up not even moving the market. But yes, of course its all done to skew the market how that person sees it |
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| Author: | bigfan [ Fri Jan 10, 2014 9:20 am ] |
| Post subject: | Re: Job report "expert" predictors |
rogers park bryan wrote: That was pretty crazy for a few minutes there. I get a kick out of it actually. So many of these numbers are leaked early. The true surprises are enjoyable when you're on the sideline Hoot, I dont think they're off as much as you think. You just remember the bad ones. I feel like 7 out of 10 of these things end up not even moving the market. But yes, of course its all done to skew the market how that person sees it 100 pt euro run took 40 pt pullback |
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| Author: | SomeGuy [ Fri Jan 10, 2014 9:44 am ] |
| Post subject: | Re: Job report "expert" predictors |
Economy still in a deep ditch, labor market in the drivers seat with it's head split open and a tapping chest wound, multiple compound fractures. Another 500k fall out of the labor force, as well. FOR hitting new 35 year lows. Ugly. |
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