8:30am: Jobless Claims..."improving"

The Jobless Claims are important but could we see some action around the treasury report?
Maybe the deficit will only be 1.4 trillion not September's 1.42 trillion.

"Bulls have been hinging their faith on jobless claims which have been improving."
Jobless Claims
8:30 AM ET

EIA Petroleum Status Report
11:00 AM ET

Treasury Budget
2:00 PM ET
Market Consensus Before Announcement ($-150.0
The U.S. Treasury monthly budget report showed an atypical September deficit totaling $46.6 billion putting the fiscal full-year gap at $1.42 trillion, more than three times the prior year's gap of $454.8 billion. Looking ahead, the month of October typically shows a deficit for the month. Over the past 10 years, the average deficit for the month of October has been $61.7 billion and $89.3 billion over the past 5 years.

Priceline Negotiator !!

"Bulls have been hinging their faith on jobless claims which have been improving." Problem I have with this number is only takes into account new filings. Eventually we reach a point in this type of market where even if we get a decrease, only top management is till employed. Everyone else filed claims in a prior period. A better measure is cumulative unemployed.

[attachment=13912:CHART.PNG]

"Jobless claims continue to come down. Initial claims fell 12,000 in the Nov. 7 week to a level of 502,000 (prior week revised 2,000 higher to 514,000). The four-week average shows the progress that's underway, down 4,500 to 519,750 for the lowest level since last November. Continuing claims extended their long downward trend, falling a very large 139,000 to 5.631 million (Oct. 31 week). Though some of this improvement may reflect new hiring, much of it unfortunately reflects the expiration of benefits. The number receiving extended benefits fell 28,243 to a level of 523,061, while those receiving emergency compensation rose more than 20,000 to 3.52 million (both Oct. 24 week). The unemployment rate of insured workers continues to fall, down another tenth to 4.3 percent and in big contrast to total unemployment which has continued to rise, jumping to 10.2 percent in October. Unemployment remains high but initial jobless claims are definitely improving in what is a big plus for the labor outlook. Though better than expected, today's report is having no initial impact on financials markets."