Why the Jobs Number Didn't Crush Us
We have the worst estimate to actual job creation number in ages, a number that's so disappointing as to take you breath away. And it's not just some random Commerce Department number or purchasing managers' report or a consumer confidence number. It's the big enchilada: the Labor Department's non-farm payroll report. That's the biggest number we get, the one that has had maximum negative impact on the stock market when it's even a tad bit disappointing, as opposed to missing by a country mile.
On top of that you have the biggest semiconductor company in the world, Intel (INTC), signaling a worldwide slowdown by preannouncing a tremendous miss in sales and a meaningful decline in gross margins....1056 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
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