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KVW

02/06/04 9:13 AM

#12866 RE: cotton #12865

You have to be an idiot to not be happy with the jobs data. It is the best number in 3 years. The important thing is the direction and overall, things are definitely improving. If you expected more, your expectations are too high.

We are in the sweet spot of the economic recovery. GDP is growing nicely, interest rates are still low, inflation is minimal, productivity is way up, and jobs are starting to recover. The only thing we need now is for jobs to continue to increase over the next few months.

Kevin

fmikehugo

02/06/04 9:17 AM

#12868 RE: cotton #12865

Cotton, TSC is not "the market". Try Briefing.com. Over time they are the most careful and balanced.

08:59 S&P futures vs fair value: +1.1. Nasdaq futures vs fair value: +4.5.

Futures trade backs off its earlier highs, but continues to point to a higher open for the indices... The January nonfarm payrolls figure did fall short of the consensus estimate, but was still good enough - at +112K - to support the slow recovery in the jobs market... Foreign markets are also showing gains this morning, and this has contributed to the positive bias.