DOW Watch Friday 9/6 Edit Unemployment hits 10.2%

[yikes!]

Today really shows the manipulation of the markets.  Major unemployment doom and what does the market do?  
up 5 pts --- down 3 pts ---- up 12 pts ----- down 6 pts

News like this, announced two years ago in a 'normal' environment, would have caused a huge drop
But, not now.  Now we run on 90% pure green shoots an 10% Bullshit!

100% agreed.

Unreal times

[Ganesh Baba]

What the heck is going on? Why is the market so ominously calm?

[Ganesh Baba]

Very little movement in gold price also.

Could it be the G20 meeting?

[picasso moon]

Now we run on 90% pure green shoots an 10% Bullshit!
Given the nature of "green shoots", that makes it 100% Bullshit.

[Doom2Spare]

Now we run on 90% pure green shoots an 10% Bullshit!
Given the nature of "green shoots", that makes it 100% Bullshit.

Good God!  We agree twice in the same day!   

I'm tellin' ya, somethings not right.  Could this be what the bots were predicting?   

[2handband]

Now we run on 90% pure green shoots an 10% Bullshit!
Given the nature of "green shoots", that makes it 100% Bullshit.

Good God!  We agree twice in the same day!   

I'm tellin' ya, somethings not right.  Could this be what the bots were predicting?   

Nope. It's proof that the bots were wrong. Today's action proves pretty conclusively that the fed is going to be able to kick the can down the road for awhile longer. I'd guess they've bought themselves as much as 12 months.

[TheDignityofStruggle]

They can kick the can as far as oil demand/reserves will allow.  Maybe that's one year, maybe thats two.  Could also be six months.

Personally, I'm a little bummed.  I am getting Doom anxious.  I guess I can watch "The Road" trailer again to tide me over.

[Bruce]

 No matter how much they kick the can down the road by stimulating the economy with fake dollars the debt will come due. I think the Gov has and will continue to spend itself into oblivion. Not until this unbelievable debt is due and unpayable will we see the ship really sinking. The possibility of a very bad Christmas spelling doom for many, many retailers could also do it. I think the oil problem will be somewhat on the back burner for now. As long as the employment rate stays as bad as it is the consumption rate will stay at levels we can manage. People don't have to drive to work nor can they afford to do things that require more gas. OPEC and other oil suppliers know this. It is not in their best interest to raise prices now to any substantial degree. Any increase in prices will further stifle the economy and our economy monetarily effects them...............................Bruce

[TheDignityofStruggle]

All true Bruce, but if the rest of the world, primarily Asia, makes some level of recovery, and resumes increasing fossil fuel consumption, the oil issue will once again come to the forefront.

[picasso moon]

All that "today's action" (i presume you mean the Dow) proves is that the Dow measures what's happening as several different main frames trade with each other with reality not allowed to intervene.

[Ayoob]

Do you suppose it's possible that the federal government is just going broke and nobody will take our money anymore?

That would be a drag.

[quick]

Do you suppose it's possible that the federal government is just going broke and nobody will take our money anymore?

That would be a drag.

Possible ? ? 

Does anyone think thats NOT what is going on !!

[Bruce]

 There is no doubt about peak oil and it's consequences. It's just that recent events in the economy appear to have taken front and center stage and therefore demanding attention. In my opinion our economy or lack thereof has shown that it can bring down the curtain. I think it very possibly could  bring the calamity sooner than peak oil. Of course the end result is about the same irrespective of which one wins the race.......................Bruce

[Megadoom]

No matter how much they kick the can down the road by stimulating the economy with fake dollars the debt will come due. I think the Gov has and will continue to spend itself into oblivion. Not until this unbelievable debt is due and unpayable will we see the ship really sinking. The possibility of a very bad Christmas spelling doom for many, many retailers could also do it. I think the oil problem will be somewhat on the back burner for now. As long as the employment rate stays as bad as it is the consumption rate will stay at levels we can manage. People don't have to drive to work nor can they afford to do things that require more gas. OPEC and other oil suppliers know this. It is not in their best interest to raise prices now to any substantial degree. Any increase in prices will further stifle the economy and our economy monetarily effects them...............................Bruce

Demand for oil has shown to be a bigger player in manifesting PO than most realized a little over a year ago, BUT production is about to decline severely from a number of fields. Demand is only so elastic, while production loss can be quite dramatic. It only take a few million bpd shortfall and we have sky high prices. The depression will  not save us from PO.

[jmhpolar]

Not sure why so many are surprised the market didn't drop on the unemployment numbers - we actually had an increase in "productivity" with a corresponding decrease in the number of workers producing.  That's an increase in profitability for a bean counter and good news for an investor.

Now this might mean something if the numbers weren't bullshit to begin with - inflation (CPI), true unemployment, market overvalue, declining tax base, increasing debt, blah, blah, blah...  And if we all lived in the same perfect little world as those "professionals" who "interpret" these numbers.

Economists are little more than witch doctors who sift through poo for the meaning of life.