Wednesday, January 30, 2008

Dueling Numbers

Usually markets prefer newer data to older data, which is why I would have expected that, faced with the dueling numbers of Q4 GDP and ADP's January payroll numbers, the market would have given more weight to the payroll figure. Granted, there is more going on with today's Fed decision looming large, but still it seems strange that the ADP report would be summarily ignored. Can we chalk this up as another piece of evidence of irrationality currently infecting markets? Answer that question and you can make alot of money.

2 Comments:

Blogger Tax Shelter said...

-17,000. confirmation once again that the market is efficient.

9:11 AM  
Blogger Donny Baseball said...

Mostly housing and professional services. Retail OK, leisure OK, Education and Health OK.

Unemployment down to 4.9% from 5.0%. Plus this contradicts ADP, one of them is wrong.

Wait and see.

2:16 PM  

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