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DOW Futures FINALLY Drop On Bad Initial Claims Print

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User ID: 1707881
United States
09/20/2012 09:01 AM

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DOW Futures FINALLY Drop On Bad Initial Claims Print
Today's initial claims print was the 5th week out of 6 in which expectations missed: instead of coming in at the consensus number of 375K, down from last week's 382K, the BLS reported a miss to expectations of 7K, resulting in a seasonally adjusted number of 382K

...in what may be the greatest news yet, the bad news, which was good news, may actually, for the first time in a long time, be bad news for the market: unlike the past year when horrible claims prints were good news for stocks, this time around futures are finally tanking on reality as all QE to infinity and beyond has been priced in.

[link to www.zerohedge.com]


It's about time. Bernanke HAD to know this would happen with QE4ever...no more QE front-running. Hopefully now bad news = bad news. This likely won't cause a crash, but it shows now that the market CAN NOW do so.

Last Edited by N-M-L on 09/20/2012 09:02 AM
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