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Grading the Latest Jobs Report

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  • Description

    Vic Sperandeo of Alpha Financial discusses the current state of employment in America.

  • Duration 3:47
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This transcript is automatically generated

-- moments away.

Back to this morning's jobs report -- is 155000.

People dropped out of the workforce last month.

-- in the coming from Dallas has -- -- with alpha financial technologies.

Fight give us your overall impression of this report please -- a bird hunt saying.

I'm saying it is a week -- and you say.

Well I would agree with you but I think now bear in mind that I haven't been able to study these numbers beside been combing through.

Fox's studio.

To have you asked me these questions so I really don't know the in depth or details of the numbers -- the one number that really should focus on.

Is the the estimation.

That the Bureau of Labor Statistics puts in every month of the jobs being created which is the sheer guess it's based on what's called the birth.

Death model which basically estimates how many people are hired from businesses that have gone out of business versions that are starting.

So it's it's a total guess it's about 45000.

Jobs a month so -- that to it that some may be in numbers it could be a little more.

Or it could be minus but they add 45000.

And that's why you have to look at the details of this of how many jobs they've estimated that -- really not count okay that's the job triple -- Now move on to the market the Dow is now up as we speak 177.

Points you -- I'll explain that.

Yeah well it's as you said I'm not creating anything new here Ben Bernanke has stated that he's ready to accommodate.

Based on weakness in the economy it's an election year his -- is -- is mr.

Obama the president.

And therefore he wants to please the president -- the one that bring nominates him and the only one that can literally get him out of that -- So he's going to do everything he can help the president so he's gonna do.

What -- -- it worked in the past this QE2 to in this example if you study the outcomes of QE2.

It's help people like me it's -- stock traders it is not help main treat or GDP.

Can be fully movement for clothes -- is what have you or your input on -- but confidence that the individual investor has in the stock market.

I I know that a 129 billion dollars has flowed out -- stock mutual funds I know that many people think the markets really need to.

-- for the benefit to the big guys and we've seen these technical trading glitches which really upset people and trading on an almost constant basis.

Do you feel big deal told -- to the kind of people watching this program right now do you think they've got real confidence in the stock market.

Well absolutely not and is rigged and it's rigged to.

The people that are in -- no I mean let's look look at government how many people from Goldman Sachs working government.

I mean it okay if it is for the benefit of the special few this is -- crony capitalism that's not the way capitalism should be.

So if it in the ordinary person should be very conservative at this time because really the game is is not to be played by.

By amateurs or or or people that don't -- -- every day and I -- -- got to be real conservative real fast where do you put your money.

Dividends and -- -- -- stocks or bonds were true.

While I believe in diversification that I wouldn't -- -- 100%.

In anything but.

-- you know I would be weighing -- -- -- equities at this point.

Until you -- a clear sense of what's gonna happen after the election.

The election is ideology and ideology determines whether you're country successful and I fixed around -- always a pleasure thanks for joining us I was seeing and so.

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