Time to Hunt for Shorts
February 8, 2010 by Seeking Alpha
Filed under Investment Ideas
Original Article from Seeking Alpha Short Ideas
Michael Shulman submits:
The jobs report came out Friday and it was far worse that economists’ expectations. Roughly twenty thousand jobs were lost against a consensus forecast of a 10,000 gain; revisions showed 1.2 million jobs more jobs than previously reported were lost from April 2008 to March 2009; the number of discouraged workers and dropping out of the work force (so to speak) increased by roughly a quarter of a million. The unemployment rate was 9.7%.
Other data from the household jobs report, something a bit different announced at the same time, showed a gain of people in households working and the net result was confusing.
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