Quote:
Originally Posted by l2ridehd
I agree that this is not political, it is investment related. If you look at the jobless claims for the past 24 months, they have always been revised a few weeks after they are reported for one reason or another. This may have been happening forever, but because the news seems to be bad most of the time, it has got more focus lately. But in almost every case the initial report has been more favorable then when the final number is reported. Probably works the same way when it is going in the other direction as well. But they seem to hipe how it has improved, the market goes up a bit and then they saw "oops" it really is XXX which is not so good. Then the market swings back down. I am sure somewhere they are brokers who use this to make money on every swing.
|
I have no problems with the estimates if it is made clear they ARE estimates and why they are estimates. I know there are revisions, but investors have a right to know what the numbers really mean, and especially if the origin of that weekly number changes in a particular week because of a holiday. I think the better approach would have been to release the 41 state number, and the 9 state estimates separately.
Investors have a right to know the facts and I think most of the media did investors a disfavor today, and may have created more distrust in investment information unnecessarily.