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As Of This Moment, Obama, Who Is About To Speak At The DNC, Knows Tomorrow's NFP Number
zero hedge ^

Posted on 09/06/2012 1:55:51 PM PDT by Perdogg

While the fact that the stock market soared to new highs hours ahead of Obama's DNC speech may be a pure coincidence, we eagerly await to find out if while it is Bush's fault the economy is in the dumps 4 years after Obama took control, it will also be Bush's fault that the S&P just printed at 4 years highs. Something tells us that the answer is a resounding no. One thing we know for certain is that as of this moment the incumbent candidate knows precisely what seasonally adjusted nonfarm payroll number will be when it is announced tomorrow at 8:30 am. And since the TOTUS is very good at highlighting marginal moves in the economy, expect a leak or two during today's DNC speech.

(Excerpt) Read more at zerohedge.com ...


TOPICS: Business/Economy; News/Current Events
KEYWORDS:

1 posted on 09/06/2012 1:55:53 PM PDT by Perdogg
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To: Perdogg

Suspect the unemployment numbers will be lukewarm/static. Stock market would not like big job creation as the Feds would raise interest.


2 posted on 09/06/2012 1:58:48 PM PDT by Arthurio
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To: Arthurio

The Fed will not, under any circumstances, raise interest rates in the near future (i.e. before 2015). They might postpone QE3 (or whatever number we are on) which would be bad for stocks as the extra liquidity goes into equities.


3 posted on 09/06/2012 2:01:28 PM PDT by Wyatt's Torch (I can explain it to you. I can't understand it for you.)
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To: Arthurio

ADP was over 200,000. These guys could get away with a big number and just revise it next month. No one pays attention to the revisions.


4 posted on 09/06/2012 2:03:55 PM PDT by griswold3 (Big Government does not tolerate rivals.)
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UNEXPECTED

5 posted on 09/06/2012 2:07:51 PM PDT by evets (beer)
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To: griswold3
Rush said that (he suspects that) they have some artificially inflated numbers (what we used to call LIES) ready to go, that Obama has seen. He suspects this will be one of Obama's PRIME TALKING POINTS.

Obama's is going to be all MOM (well...dead mom) and APPLE PIE (well... tofu pie) and HAPPY DAYS ARE HERE AGAIN !!! with the announcement of these new AMAZING (oh yeah.... like a 00000.00001% change in Unemployment) FIGURES.

6 posted on 09/06/2012 2:10:46 PM PDT by UCANSEE2 ( If you think I'm crazy, just wait until you talk to my invisible friend.)
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To: evets

Actually, due to seasonal adjustment (done by flipping the figures 180 degrees) the figure being announced for Unemployment is 0.6% (/s)


7 posted on 09/06/2012 2:13:08 PM PDT by UCANSEE2 ( If you think I'm crazy, just wait until you talk to my invisible friend.)
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To: Perdogg

Even at 1432.12, the S&P 500 is well below the 1561.80 high from 2007.

It’s got a lot more “soaring” to do.


8 posted on 09/06/2012 2:20:29 PM PDT by <1/1,000,000th%
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To: <1/1,000,000th%

Big increase today is all in relation to financial institution trying to save Europe.. It isn’t going work and stock market will drop a lot.


9 posted on 09/06/2012 2:21:52 PM PDT by scbison
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To: UCANSEE2

The Romney people are already well-positioned on this by constantly stressing 8 percent + unemployment for 43+ months — they are getting ahead of the anticipated manipulation.


10 posted on 09/06/2012 2:22:16 PM PDT by mwl8787
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To: UCANSEE2
Actually, due to seasonal adjustment (done by flipping the figures 180 degrees) the figure being announced for Unemployment is 0.6% (/s)

Like this: CareerBuilder Super Bowl Ad

11 posted on 09/06/2012 2:23:17 PM PDT by Dahoser (Separation of church and state? No, we need separation of media and state.)
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To: Perdogg

I predict unemployment number down to7..9% tomorrow


12 posted on 09/06/2012 2:25:09 PM PDT by lucky american (The Democrats will follow the big "D"even if it means going over a cliff.)
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To: Perdogg

Yep. And that, Perdogg, is crap. I think that in Presidential election years, economic info unrelated to national security interests should remain TRULY “out of reach” of politicians. Let them find out just like everyone else does.


13 posted on 09/06/2012 2:25:33 PM PDT by SoFloFreeper
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To: Perdogg
Expect a number over 200,000. There is no way this gang will allow a bad jobs report to overshadow Dear Leader's triumph.
14 posted on 09/06/2012 2:25:44 PM PDT by TonyInOhio (Obama, a ship sailing on yesterday's wind)
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To: Perdogg; All

15 posted on 09/06/2012 2:25:47 PM PDT by musicman (Until I see the REAL Long Form Vault BC, he's just "PRES__ENT" Obama = Without "ID")
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To: Perdogg

IF he mentions it during the speech they’ve special sauced it...if he doesn’t he knows its going to be ugly and Barry will let the mask drop a bit tonight IMO.


16 posted on 09/06/2012 2:26:44 PM PDT by MNlurker
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To: Perdogg

The number will be great until after the election. Nothing is real for the next two months.


17 posted on 09/06/2012 2:35:23 PM PDT by Hattie
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To: Hattie

I don’t trust any numbers that come from this administration.


18 posted on 09/06/2012 2:36:37 PM PDT by dfwgator (I'm voting for Ryan and that other guy.)
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To: scbison

exactly....it was moving early this morning on the speeches coming out of europe...


19 posted on 09/06/2012 2:38:00 PM PDT by God luvs America (63.5 million pay no income tax and vote for DemoKrats...)
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To: griswold3

My guess is that BLS will probably push it down to 8.2% to help butress Zero’s speech tonight. If, on the other hand, it stays at 8.3% the numbers must be really bad; so bad they can’t torture them much more without being blatently exposed for political manipulation. But I can absolutely guarantee you there’s no way the print will be allowed to rise above 8.3%.


20 posted on 09/06/2012 3:11:07 PM PDT by Starboard
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To: Starboard

Debbie is up next.


21 posted on 09/06/2012 3:12:44 PM PDT by IM2MAD
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To: Hattie

The number will be great until after the election.


That’s when it all hits the fan, if Obama is re-elected. You don’t want to be near the stock market if that’s the case.


22 posted on 09/06/2012 3:13:52 PM PDT by Starboard
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To: Starboard

Interestingly, the number could drop to 8.2 or 8.1 IF people become so discouraged, they stop looking for work. Such people are not included in the stats.


23 posted on 09/06/2012 3:18:21 PM PDT by Arthurio
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To: lucky american

Agreed 7.9%. Revised upward in Nov.

Another prediction: QE3 to boost stocks for za while.


24 posted on 09/06/2012 4:11:13 PM PDT by ReaganGeneration2
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To: Starboard

If zer0 is reelected, we will have QE3 and the market will soar as all the shorts cover. There will be no headlines of Wall St. vs. Main St because Main St will be under martial law.


25 posted on 09/06/2012 4:19:13 PM PDT by reformedliberal
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To: ReaganGeneration2

Sounds about right to me, they were lowering expectation earlier this week, which told me that they actually expected the numbers to be relatively good.


26 posted on 09/06/2012 4:34:41 PM PDT by Paradox (I want Obama defeated. Period.)
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To: ReaganGeneration2

Huge NFP and Unemployment below 8% will postpone additional QE. Right now good news is bad news.


27 posted on 09/07/2012 4:22:39 AM PDT by Wyatt's Torch (I can explain it to you. I can't understand it for you.)
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To: Arthurio

“the number could drop to 8.2 or 8.1”

Good call — and logic. I didn’t think they would push it that far. Regards.


28 posted on 09/07/2012 6:02:56 AM PDT by Starboard
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