Well Played

This morning’s payroll data came in better than expected. After economists warned that February snowstorms may have depressed payrolls by as much as 100,000, the 36,000 job losses reported for last month sounds like good news. Well played, sirs, well played.

Now bullish economists are pressing their advantage with statements like this: “We’ve got positive jobs growth in there, we just can’t see it”.   

Ok, I’ll admit, I’m having a little fun with the economists on this. It’s good news that the unemployment rate is holding at 9.7%. And the fact that economists are close to unanimous in expecting jobs growth this year is also a positive.   

*****For some anecdotal evidence of job growth, Bloomberg reports that technology services company Accenture is adding 50,000 workers. Of course, just 9,000 will be hired in the U.S. And the hiring will “spree” will run through August. But still, a year ago, I think we’d all have been happy to know that companies would actually hire people again.  

Bloomberg also reports that the service industry hired 24,000 in February and 27,000 in January. 1,000 factory workers were hired in February after 20,000 in January. The biggest areas of weakness remain construction and financial, which lost another 64,000 and 10,000.   

Of course, the construction and financial sectors probably added the most workers during the housing bubble, so it’s not a surprise that these two sectors are still adapting.   

*****While the U.S. struggles to stem the tide of job losses, China is targeting 9 million new jobs for 2010. China’s also hoping to attract $96 billion in foreign investment to help growth in technology, clean energy and environmental protection.   

These are exactly the sectors SmallCapInvestor PRO has targeted for our Chinese investments. Ironically, these are the areas that have been most ignored by investors. That means valuations for these stocks are extremely low and there is tremendous upside as revenues and earnings continue to grow.   

*****Wearing bike helmets and gas masks, Greek demonstrators tried to storm Parliament to protest the “austerity measures” as Greece adopts $6.5 billion in budget cuts to lower spending and get its debt under control.  

I can understand that nobody wants to have their bonuses or vacation pay cut. At the same time, though, it’s clear that Greece must do something. It just goes to show you the sense of entitlement that people have, and it’s not just Greeks. 

I can only imagine how Americans would react to similar “austerity measures.” And at some point in the next few years, if our debt is not managed properly, we may find out.   

*****The 50% OFF sale for SmallCapInvestor PRO ends tonight at midnight! If you’ve been waiting to start profiting with one of America’s fastest-growing and most successful investment advisory services, now is the time to act.   

I don’t do this often, but I’m letting 200 Daily Profit readers join SmallCapInvestor PRO at the absurdly low rate of just $99 for an annual subscription. That’s 50% OFF the usual rate.   

Now, I’m leaving this deal on the table until midnight tonight, or until I get 200 new members. New members are already signing up, and I expect we’ll get those 200 new members well before midnight. So don’t wait, click HERE  to get your 50% discount.   

And once you join, you’ll want to check out the latest SmallCapInvestor PRO recommendation. Current members are buying a leading Smart Card company that’s got a forward P/E of 9, a PEG ratio of 0.4. The company does $59 million in annual revenue and has $3.45 per share in cash.  

With those shares trading for just $6.50, it’s extremely undervalued. But that’s not going to last. With over 900% earnings growth coming this year as the U.S. market opens up, this stock has tremendous upside potential.   

This latest stock recommendation is so new, I haven’t even finished the research report on it. So if you want to get the best entry price on this opportunity, you should act now and take advantage of the 50% discount. Here’s that link for SmallCapInvestor PRO again.