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Varchild2008 (85.27)

Job Loss (D)eceleration Day!

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March 06, 2009 – Comments (1) | RELATED TICKERS: DPS , MTW , UNH

Friday = D-Day.... Where DOW goes to either 6250 or 7000 in a single trading period.
Given that the news wasn't too bad... in fact... the news was "JOB LOSS (D)eceleration."

December #s revised 680,000+ 
January #s  revised 655,000+
February #s            651,000+

Ok.. Definitely not a rocketship.... But hey.... 3 months of DOOM and GLOOM and we are nowhere near 9% unemployment.

8.1% unemployment simply means that the DOW is unjustifiably low.  It should be hovering around DOW 7000 and I think Wallstreet will park it there today.  hey... yes... need a 400+ point climb... I know... Impossible?  Not quite... We did it last year!

1 Comments – Post Your Own

#1) On March 06, 2009 at 9:49 AM, SharpSEO (70.23) wrote:

Do you really believe that these #s won't be revised upward, like the last few months have?

The avg analyst was predicting losses of 650k. Seems very convenient that the numbers came in 1k over.

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