> "With the market still sporting deep losses for the year, these
> managers are looking for any reason to buy stocks, which
> largely explains their eagerness to take highly volatile data,
> like the weekly unemployment claims that fell to their lowest
> level since July, as a sign the economy is turning," he says.
perhaps i don't understand the magic of "seasonal adjustment", but i just don't see the boolishness in these numbers:
Initial Claims (Seasonally Adjusted)
364,000 this week
381,000 last week
-17,000 change
Initial Claims (Raw Data)
431,641 this week
372,656 last week
+58,985 change
nor can i easily imagine what was so different about last week (relative to the previous week) that the adjustment went from +9000 to -90000.
