Employment, Jobs Report, and Links

by Investing School on January 9, 2009

The market was doing so well until the ADP job report came out on Wednesday.  Then all of a sudden, a decline of 270 points on the Dow!  I know, the report sucked with 673,000 reasons (lost jobs), but hey, we knew the economy would suck anyway right?

The government will release the non-farm payrolls report today, and it will be mighty hard for the data to suggest that its even worst than people think.  So as a result, the report can either:

  • suck just as much as the ADP report
  • surprises people on the upside

Potentially a good thing! Not too bad huh?

Yesterday, the news that lawmakers have reached a deal with Citigroup to let bankruptcy judges alter home loans is certain well received.  I can’t see how this is good news for banks though but hey, it’s good for the economy!

Have a great rest of the week and talk to you again next week!

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