Skip to comments.As Of This Moment, Obama, Who Is About To Speak At The DNC, Knows Tomorrow's NFP Number
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 ...
Suspect the unemployment numbers will be lukewarm/static. Stock market would not like big job creation as the Feds would raise interest.
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.
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.
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.
Actually, due to seasonal adjustment (done by flipping the figures 180 degrees) the figure being announced for Unemployment is 0.6% (/s)
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.
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.
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.
Like this: CareerBuilder Super Bowl Ad
I predict unemployment number down to7..9% tomorrow
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.
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.
The number will be great until after the election. Nothing is real for the next two months.
I don’t trust any numbers that come from this administration.
exactly....it was moving early this morning on the speeches coming out of europe...
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%.
Debbie is up next.
The number will be great until after the election.
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.
Agreed 7.9%. Revised upward in Nov.
Another prediction: QE3 to boost stocks for za while.
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.
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.
Huge NFP and Unemployment below 8% will postpone additional QE. Right now good news is bad news.
“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.