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» RandeS - Just got in (late -- after six hour wait at Salt Lake trying to

Just got in (late -- after six hour wait at Salt Lake trying to get back to SFO on United, but don't get me starter) and must say I wasn't too thrilled with either the productivity or unit labor cost numbers today. Still, looks like the market managed to garner an up day. Let's give some credit where credit is due (as much as it may pain some of us, at least me) -- proposal by Clinton/Summers to "refinance" debt is a good one. Wasn't tuned in all day long, but looks like the bonds like it. Anyway, tomorrow a.m. all eyes on the payroll/wage numbers. Catch you then.

-- posted by RandeS

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» RandeS - Non-farm payrolls (310K) and hourly wages (.

Non-farm payrolls (310K) and hourly wages (.5%) up FAR higher than expected. Markets will not like it.

-- posted by RandeS

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» KirkL - Welcome back Rande.

Welcome back Rande.
Yup, futures sure look bad.
http://www.mrci.com/qpnight.htm
We're going down today, at least to start.

U.S. Job Growth Soars In July, Wages Up Click for Story.

-- posted by KirkL

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» TONYBRIG - Sincerity

Rande:

Yea welcome back!
One should always be coming and going I believe at
least in the summer time. Keep the juices flowing.

SINCERITY
This was kicked around a bit on another site
yesterday so I started looking more in this
area.
I remember when ASK JEEVES came on CNBC (CEO)
(I believe)
To me he or what he was saying seemed PHONY
to me and I commented that this would be a good
short candidate. Sure enough its way down from the 67 that day.
Rande:
On the other hand Scott Mcneely (not sure if I spelt it rite) was just on CNBC with bullish
RAP and I spotted TRUTHFULNESS.
Any books or studies done on this SINCERITY IMPRESSION

-- posted by TONYBRIG

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» RandeS - Tony,

Tony,

You're talking pyschology now, which probably has more to do with sound investing than all the quarterly reports ever printed ("Madness of Crowds" isn't timeless without reason). Whether "reading" others as part of business negotiation, or understanding ourselves through knowledge of "bahavorial finance," knowing what makes people tick can help your cause. Check out some of these book titles:

Books

-- posted by RandeS

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» RandeS - Well, that link didn't work.

Well, that link didn't work. Try Amazon -- go to business and investing and search for "behavorial finance." You should see a list of books on negotiation, etc.

-- posted by RandeS

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» RandeS - Tony,

Tony,

Guess you can just search "behavorial finance" from the first page. This one looked interesting, along the lines of your question:

The Art of Speedreading People : How to Size People Up and Speak Their Language

(Now tell me, can Ask Jeeves do that?)

-- posted by RandeS

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» RandeS - Kirk,

Kirk,

Looks the damage to the futures didn't last long for the stocks themselves. Of course, it's early in the day yet. Bonds certainly don't seem to like the numbers. Fed hike seems a done deal. In fact, I would expect the bond market to react negatively if Dr. G. DOESN'T raise in a couple of weeks.

-- posted by RandeS

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» RandeS - Frank Capiello Speaks

Call for calm

....U.S. stocks continue to drift lower as investors worry about current valuations and rising rates. As one expert put it the other day: "It's a lot tougher for the market to deal with rising interest rates than with good corporate earnings."

Only too true: A few weeks ago, we were dazzled by the surprisingly good second-quarter corporate earnings -- up, on average, 15 percent. Now fear of a rate increase on Aug. 24 has replaced that euphoria. Reinforcing that interest-rate fear is the concern over a booming supply of corporate bonds, including a $5.75 billion offering by Wal-Mart.

However, good news lies ahead sometime in late September and early October, when third-quarter corporate earnings and expectations thereof begin to make the news. Overall, earnings should be very good. First Call is estimating 20 percent year-over-year profit gains, up from the 15 percent recorded for the second quarter.

So between the interest-rate worries of August and the apparent good news on the horizon for October, our advice is: "Hang on!"

-- posted by RandeS

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» KirkL - Shameless Plug.

Shameless Plug....
Please
no PLEASE use my bookstore to order!
I only made $3.15 last quarter!
I can't get rich that way!

I put "speedreading people" into the search window I have on the Bookstore page and got These two books which are the hardcover and paperback versions of the title.

Tony, you might enjoy some summer reading
Here is a direct link to the book!
Direct link to the Paperback version of the book

-- posted by KirkL

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