Friday, March 04, 2005 | 09:47 AM

The new jobs data is a terrific boost to the Bullish camp (where I have been since February 2).  It was strong enough to keep the expansion growing, but not so robust as to force the Fed's hand.

As I wrote yesterday, I am thrilled to be wrong on "the under" this time around. Yields are coming in, oil is softening, and the Dow is closing in on multi-year highs. If we close above those highs -- an admittedly big if -- that will officially kick off the next major leg higher.

Friday, March 04, 2005 | 09:47 AM | Permalink | Comments (4) | TrackBack (1)
de.li.cious add to de.li.cious | digg digg this! | technorati add to technorati | email email this post



TrackBack URL for this entry:

Listed below are links to weblogs that reference 262k!:

» Positive Employment Headlines but... from Global Trader's Diary
The economy maintains the status quo while giving the Fed the green light to hike rates further. [Read More]

Tracked on Mar 4, 2005 1:18:50 PM


Barry, Barry, Barry!

As most honest economist (as in no one shilling for the GOP or CATO) would point out, the 262K new non-farm jobs (as if farms have actually create work in the last one-hundred years) is still well below the number needed just to keep pace with the per annum rate of new, first time job seekers. I believe that number needs to be around 400K per month for at least a year.

Posted by: Jeff I | Mar 4, 2005 2:47:58 PM

The comments to this entry are closed.

Recent Posts

December 2008
Sun Mon Tue Wed Thu Fri Sat
  1 2 3 4 5 6
7 8 9 10 11 12 13
14 15 16 17 18 19 20
21 22 23 24 25 26 27
28 29 30 31      


Complete Archives List



Category Cloud

On the Nightstand

On the Nightstand

 Subscribe in a reader

Get The Big Picture!
Enter your email address:

Read our privacy policy

Essays & Effluvia

The Apprenticed Investor

Apprenticed Investor

About Me

About Me
email me

Favorite Posts

Tools and Feeds

AddThis Social Bookmark Button

Add to Google Reader or Homepage

Subscribe to The Big Picture

Powered by FeedBurner

Add to Technorati Favorites


My Wishlist

Worth Perusing

Worth Perusing

mp3s Spinning

MP3s Spinning

My Photo



Odds & Ends

Site by Moxie Design Studios™