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Posted in Bears Chat

Thoughts on Payroll #s

Boy, we just adverted a government shutdown, hell is breaking loose in Wisconsin (etc), public sector worker jobs are being slaughtered, new house sales at record low. So of course, super bullish numbers come out.

Remember the old rule, the more bullish the number, take that value, and put a negative sign on it, and perhaps multiply by 2x or 3x. There is no reason to be upset guys, you know the true numbers are exactly opposite, or inverse squared, of the level of happiness that is being reported in MSM.

What’s with the government shutdown anyway? I cannot find easily reported fluff on Yahoo or Bloomberg—did we avert it by a few weeks? What’s happening?

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