The Conservative Cave
Current Events => The DUmpster => Topic started by: franksolich on November 10, 2011, 08:18:57 AM
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http://www.democraticunderground.com/discuss/duboard.php?az=view_all&address=439x2276817
Oh my.
This just in.
Atman (1000+ posts) Thu Nov-10-11 08:51 AM
Original message
Breaking: jobless claims in, 7-month low.
Stock market set to rebound...again. Just reported on MSNBC.
No primitive comments yet.
As some here know, I know my evil twin like the back of my hand, and when I saw the same report on the internet, I knew Pedro Picasso was going to come out of seclusion on Skins's island to harp about it, as if it's something to celebrate.
Whooop-de-doo.
"Jobless claims at a 7-month low."
Wow.
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What, it's 399,998 instead of 450,000? I'll get the champagne.
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What, it's 399,998 instead of 450,000? I'll get the champagne.
It's as if Baghdad Bob in April 2003 were reporting the crippling of the treads of a single American tank on the streets of that city was a great thing for the Saddamites, portending their eventual victory.
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Atman (1000+ posts) Thu Nov-10-11 08:51 AM
Original message
Breaking: jobless claims in, 7-month low.
Stock market set to rebound...again. Just reported on MSNBC.
Just like it did, yesterday, Pedro?
Nice rebound ya got there. :banghead:
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There's likely to be a dead-cat bounce from overselling yesterday, but Italy and the Supercommittee debacle still loom over the market beyond the 'What's happening this morning' horizon.
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There's likely to be a dead-cat bounce from overselling yesterday, but Italy and the Supercommittee debacle still loom over the market beyond the 'What's happening this morning' horizon.
I suspect that for the next twelve months, there's going to be "good news" for the Magic One and the primitives here-and-there, but on the whole, they have a lot of ground to recover yet, all the disasters since January 20, 2009, and January 3, 2007.
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The media is sooooooo in the tank for 0. I saw a report that said that unemployment had only been below 400,000 ten times in the last seven months. Only problem with that is that in each of those cases the unemployment was then revised up over 400,000 the next week. The other neat trick is revising the 398,000 up to 406,000 and then claim that the results of 401,000 is a drop of 5,000.
It is quite amazing and only demonstrates how having 92% of JUornalists does nothing to propagandize the news.
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The media is sooooooo in the tank for 0. I saw a report that said that unemployment had only been below 400,000 ten times in the last seven months. Only problem with that is that in each of those cases the unemployment was then revised up over 400,000 the next week. The other neat trick is revising the 398,000 up to 406,000 and then claim that the results of 401,000 is a drop of 5,000.
It is quite amazing and only demonstrates how having 92% of JUornalists does nothing to propagandize the news.
It's always amazed me that the analysts are always wrong in the same direction then subsequently have to revise up (buried on page 12), statistics say it should be evenly split when they error and some months should be up and some down. Funny that.
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It's always amazed me that the analysts are always wrong in the same direction then subsequently have to revise up (buried on page 12), statistics say it should be evenly split when they error and some months should be up and some down. Funny that.
It always surprises me that the "professional" analysts are always "unexpectedly" wrong. Does anyone make a professional prediction expecting to be wrong? Hell, even weathermen expect to be right more often than not these days.
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Excellent points on revisions. It's gotten so that I don't trust any statistic I haven't personally calculated from scratch.
That "unexpectedly" BS. They've been made fun of for this for so long, you'd think they'd stop using it.
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Whooop-de-doo.
"Jobless claims at a 7-month low."
Wow.
Kind of a "Botutoxin Less Deadly Than Ricin" headline, really.
:mental:
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Has no one ever explained to the primitives that seasonal hires disappear after Christmas?
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