Use access key #2 to skip to page content.

Varchild2008 (84.03)

Job Loss (D)eceleration Day!



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 (47.49) 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.

Report this comment

Featured Broker Partners