Wednesday, February 3, 2010

Trim Tabs expects a bomb

Re-post. The quote was missing!

I got this from a corporate communications release this morning.

=== TrimTabs using real-time numbers estimates that job losses for January were 105,000, much higher than Wall Street expectations that the BLS on Friday will report 5,000 January job losses. TrimTabs warns the BLS estimates are highly inaccurate because of incomplete survey data and illogical seasonal adjustments, among other things. Which means government policy, business and
investment decisions based on these numbers are useless, and in fact, dangerous.

I am way out of my comfort zone with this sort of economic stuff but it has the potential to create some disappointed bulls.

1 comment:

paulocuana said...

This from Charles Biderman of TrimTabs. A compelling argument:

http://www.youtube.com/watch?v=cQyFxBG6dhY

Paul O'Cuana