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	<title>Observer &#187; Dow Diary: Shaky Ahead of Tomorrow&#8217;s Jobs Numbers</title>
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		<title>Observer &#187; Dow Diary: Shaky Ahead of Tomorrow&#8217;s Jobs Numbers</title>
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		<title>Dow Diary: Shaky Ahead of Tomorrow&#8217;s Jobs Numbers</title>

		<comments>http://observer.com/2010/10/dow-diary-shaky-ahead-of-tomorrows-jobs-numbers/#comments</comments>
		<pubDate>Thu, 07 Oct 2010 21:11:29 -0400</pubDate>
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		<description><![CDATA[<p><img class="alignleft" src="http://nyoobserver.files.wordpress.com/2011/06/dowjonesindustrial_21.jpg?w=300&h=199" />Dear Diary,</p>
<p>So I'm a little antsy about tomorrow's big September jobs report from the Department of Labor. I think that's really the best explanation for my inability to pull my head out of my rear. I stayed negative pretty much all day and closed down 19 points. Not too terrible, but definitely not a win either.</p>
<p>Still, there are a few small bright spots. Weekly jobless claims fell <a href="http://www.thestreet.com/story/10882532/1/initial-jobless-claims-show-surprise-drop.html">by 11,000 to 445,000</a>, a better reading than the Street had been looking for. Same-store retail sales from companies like Abercrombie &amp; Fitch and American Eagle were better than expected.</p>
<p>With earnings season ramping up, life is about to get a lot more hectic. After the close today, Alcoa, one of my stocks, <a href="http://online.wsj.com/article/SB10001424052748704696304575538402637158136.html">reported </a>that earnings were down for the third quarter, but the company beat Wall Street expectations on both the top and bottom lines. Hopefully that'll give me a boost tomorrow morning.</p>
<p>As usual, I'm in a weird spot when it comes to each new piece of economic information. If it's good, then I will probably take that as a sign that the recovery is strengthening. If it's bad, I'll expect the Federal Reserve to come to the economy's rescue, and that the recovery will strengthen. It's a weird way to operate, but it beats being a Debbie Downer all the time.</p>
<p>Hoping not to be freaked out by tomorrow's jobs report,</p>
<p>The Dow Jones Industrial Average</p>
]]></description>
		<content:encoded><![CDATA[<p><img class="alignleft" src="http://nyoobserver.files.wordpress.com/2011/06/dowjonesindustrial_21.jpg?w=300&h=199" />Dear Diary,</p>
<p>So I'm a little antsy about tomorrow's big September jobs report from the Department of Labor. I think that's really the best explanation for my inability to pull my head out of my rear. I stayed negative pretty much all day and closed down 19 points. Not too terrible, but definitely not a win either.</p>
<p>Still, there are a few small bright spots. Weekly jobless claims fell <a href="http://www.thestreet.com/story/10882532/1/initial-jobless-claims-show-surprise-drop.html">by 11,000 to 445,000</a>, a better reading than the Street had been looking for. Same-store retail sales from companies like Abercrombie &amp; Fitch and American Eagle were better than expected.</p>
<p>With earnings season ramping up, life is about to get a lot more hectic. After the close today, Alcoa, one of my stocks, <a href="http://online.wsj.com/article/SB10001424052748704696304575538402637158136.html">reported </a>that earnings were down for the third quarter, but the company beat Wall Street expectations on both the top and bottom lines. Hopefully that'll give me a boost tomorrow morning.</p>
<p>As usual, I'm in a weird spot when it comes to each new piece of economic information. If it's good, then I will probably take that as a sign that the recovery is strengthening. If it's bad, I'll expect the Federal Reserve to come to the economy's rescue, and that the recovery will strengthen. It's a weird way to operate, but it beats being a Debbie Downer all the time.</p>
<p>Hoping not to be freaked out by tomorrow's jobs report,</p>
<p>The Dow Jones Industrial Average</p>
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