The payroll denial …
We now seem to face the payroll denial after we had/have the subprime denial and the home sales denial …
or is that part of the brain washing and the manipulation? 
The subprime denial …
it started with a “contained situation” and a maximum(!) 100bln$ of POSSIBLE losses for the industry …
The count is now coming close to 300bln$ and estimations are … we’ve not seen more than half of it …
The home sales denial …
every number was made looking better as they revised then the previous month … how funny, but not helping.
Now again:
The pay roll denial …
Reported figures are revised down the next month … and even with the Govt. ADDING jobs, numbers are even worse than the expectations …
Jan. reported minus 17k … now we talk minus 76k
Feb. reported minus 63k … now again minus 76k
today … March … minus 80k … AUTSCH!!!
Remember, that we had yesterday a HUGE number of jobless claims … all these guys are APRIL! not MARCH cases.
The economy STARTS feeling the stress … and all the talking heads talk about the end …
I can’t believe it 
After this week’s “fresh money buying”, the market will have to show the next 2 weeks, whether there is any followthrough or whether we only had a small “sucker’s rallye”.
I hold my breath …
Tags: home sales, manipulation, payrolls
