2010-10-11

Jobless claims revised notably higher 23 weeks out of the past 24

ZeroHedge published a nice summary about the jobless claims revisions, which I have been following and pulling my hair about for the past many months: why are investors like lemming?

Have you noticed how every week, for the past many months, the initial jobless claims figures are released as "better than expect" and spark a rally in the markets while the previous weeks numbers are revised down? Guess what, ZeroHedge just posted about that and you now know that, quote:
jobless claims, which just like last week and now 23 out of 24 weeks prior, will be revised notably higher next week, came at 445K, on expectations of 455K, after last week was revised from 453K to 456K.

No comments: