Archive for October 6th, 2010

Goldman Sachs Chief Economist Forecasts Poor Performance for US Economy

| October 6, 2010

Jan Hatzius, chief US economist at Goldman Sachs, believes there are two likely scenarios for the economy moving forward, characterizing them as “pretty bad” and “very bad.” “The economy will grow between 1 percent and 2 percent through early next year, with unemployment drifting up ‘to somewhere around 10 percent, maybe a little above 10 […]

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ADP Reports Unexpected Decline in Employment

| October 6, 2010

The ADP reported that private sector employment decreased by 39,000 in September, falling well short of consensus expectations for an increase of 23,000. “Private-sector employment decreased by 39,000 from August to September on a seasonally adjusted basis, according to the latest ADP National Employment ReportĀ® released today. The estimated change of employment from July to […]

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Short-term Forecast for October 6, 2010

| October 6, 2010

Stock Daily Chart Analyses The following daily chart analyses provide short-term forecasts for the stock markets that we monitor. For intermediate-term outlooks see the latest weekly review, and for long-term outlooks see the big picture update. The S&P 500 Index The index closed near unchanged today, holding at recent highs of the uptrend from early […]

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