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2013/10/04: Commentary: Your Government at Work… or NOT!!

October 4, 2013 Leave a comment

© 2013 ROHR International, Inc. All International rights reserved.

COMMENTARY: Friday, October 4, 2013.

CNBCemplRPTnotPEARSON-131004CNBC – Hampton Pearson with the September US Employment Report (which everyone knew was not going to be released due to the government shutdown) from the US Labor Department

And the number is… ??????? 

Can’t tell ya. Don’t know.

What a way to run a railroad. And here are the wizards in Congress at the switches again, hoping they can time the shift into continuing operations timely… as in before the US government train heads off the cliff again.

And as we noted yesterday, while we hope and expect Congress will find a way to pass not just a Continuing Resolution on spending but also the far more critical Debt Ceiling increase timely to avoid an October 17th US government default, with these folks you never know. And the ‘failure is not an option’ crowd is back out in full flower. But as we noted on Tuesday, they also held that view right up to the actual failure back in August 2011. So no real cause for comfort there.

The Current Rohr Technical ProjectionsKey Levels & Select Comments are also already available via the link in the right-hand column. [Please note we did not post a TrendView Video analysis from yesterday afternoon because it was obvious the S&P 500 and other markets were slipping into a quiet finish for the week. That is consistent with our Global analysis from yesterday morning. Our full Global analysis based on today’s Close will be available over the weekend.]

As a bonus today, there is more Commentary video on the degree to which the US budget gridlock can be readily solved if…

 

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