contractor Posted March 7, 2008 Share Posted March 7, 2008 why does it take the ftse100 5 minutes to work out these are sh'ite figures? up, down, up, down and now finally through the floor. do some traders just close their eyes when they press the 'trade' button? 1. You are looking at average numbers. Some think its good, some bad so you get a point somewhere in the middle of the stat you are looking at. There might be a range of trades within the sample you see. Candlestick graphs will show you the start,end high and low within the time sample. or 2. You are looking at a site which reports FTSE with a 5 minute delay. Quote Link to comment Share on other sites More sharing options...
cognitive dissonance Posted March 7, 2008 Share Posted March 7, 2008 we bounce from here I think if this doesn't bounce strong then it's going through the flippin floor! ppt if ever there was a time when your country needs you, it's now and if it does go to 12700+ again I reckon it'll bring out more bears than ever. yum, yum bull(sh!t) sarnies again soon. Quote Link to comment Share on other sites More sharing options...
Blue Peter Posted March 7, 2008 Share Posted March 7, 2008 HSBC have revised there FED target to 1 per cent and unemployment rate to 6.6 per cent for 2009 after these numbers. Is that recession? or even beyond? Peter. Quote Link to comment Share on other sites More sharing options...
thirdwave Posted March 7, 2008 Share Posted March 7, 2008 Dow below 12000 and staying there Quote Link to comment Share on other sites More sharing options...
thirdwave Posted March 7, 2008 Share Posted March 7, 2008 Is that recession? or even beyond?Peter. Bloomberg are talking about a 'Japan like scenario'.. Quote Link to comment Share on other sites More sharing options...
corevalue Posted March 7, 2008 Share Posted March 7, 2008 No, they don't. You sure? I note you only have to work one hour a week to be considered employed. That's an easy way to fudge up the employment stats - give everyone a trivial part-time job, whereas to keep the unemployment stats down there is an exclusion list. Below is an extract from the exclusion list, you are neither employed or unemployed, and thus you aren't counted in either statistic, which is the situation here if you are not working (after 6 months) AND not receiving benefits. Nationally, in 2006, 77,387,000 people were not in the labour force in the US. (source: Oregon State info) # People who conduct only “passive” job searches, such as reading the help wanted ads or taking a job training course. # People doing volunteer work for religious, charitable, or similar organizations. # People whose only activity consists of working in their own homes (such as housework, painting, repairing, etc.). # Marginally attached workers: people who want work, looked for work sometime during the past 12 months, but are not currently looking for work. # Discouraged workers: people who are not working and are not looking for work because they believe that no jobs are available for them. Quote Link to comment Share on other sites More sharing options...
yaakov Posted March 7, 2008 Share Posted March 7, 2008 (edited) -63k v +23k expected by economistsunemployment rate actually better than expected These numbers aren't as bad as they look at first sight unemployment figures only down because of 450,000 leaving the workforce apparently. To me this looks disastrous but I'm no expert on these matters. U.S. nonfarm payrolls fall by 63,000 in FebruaryBy Rex Nutting Last update: 8:30 a.m. EST March 7, 2008 WASHINGTON (MarketWatch) - In the clearest sign yet of a recession, U.S. nonfarm payrolls fell by 63,000 in February, the second straight decline in employment, the Labor Department reported Friday. It was the largest drop in payrolls since March 2003. Economists were looking for a gain of about 20,000. Payrolls for December and January were revised down by 46,000. The unemployment rate fell unexpectedly to 4.8% in February from 4.9%, due to a 450,000 decline in the labor force, the largest drop in nearly five years. Average hourly earnings rose 5 cents, or 0.3%, to $17.80 an hour. End of Story Edited March 7, 2008 by JimmyMac Quote Link to comment Share on other sites More sharing options...
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