Great Expectations
This is a recycle of a good story out today, but just in case any of you maniacs are holding shorts going into weeks end I thought it worth it to warn you....
The President gave a speech today and mentioned to expect a "strong" jobs report on Friday. As with most presidents, not much gets into a speech that has not been put through the wringer so I would take him at his word. Not that this information is massaged or known before hand, it's just a wild guess on Obama's part.
Jesse feels the same:
Obama Gives Hint: Look for a Hot Jobs Number on Friday
So what would be "Hot"? Opinions vary, but mine would be in the 550k-650k range. I am a touch on low key end, but you can count on Zero Hedge to go for an all out mind blower:
Looking For A Fake 700,000 May Non-Farm Payroll Number
From the piece:
Retaining the same level of statistical adjustment, and the May NFP number will be at 700,000 before even one real full-time person has been added to the economy in the month of May!Too funny, but then again so is the census distortion and the birth/death model so why not?
Honest question:
If the Friday jobs report came in at 1 Million jobs, would you believe it? Two million? Ten?
Sound off in the comments section.
Have a good night.
