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IBDvalueinvestin (99.68)

Unemployment Shift to positive numbers could set the stage for next leg up

Recs

4

February 03, 2010 – Comments (3)

for this bull market.

On Friday we get Non-Farm Payrolls and analysts on average are looking for +13k.

That would be the first positive number since the recession started.

Also on Friday the unemployment rate is actually expected to drop to 10.0% from 10.1%.

That too would be a first since recession started. 

 

"The Stage is Set for the Next Leg Up in this New Bull Market"

3 Comments – Post Your Own

#1) On February 03, 2010 at 1:36 PM, davejh23 (< 20) wrote:

"Also on Friday the unemployment rate is actually expected to drop to 10.0% from 10.1%."

The rate is actually expected to increase from 10.0% to 10.1%.  We have millions of discouraged workers that will start to re-enter the labor pool as things start to look up, so the reported unemployment rate could increase dramatically even as we start adding jobs.

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#2) On February 03, 2010 at 2:10 PM, motleyanimal (83.24) wrote:

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#3) On February 03, 2010 at 2:26 PM, brickcityman (< 20) wrote:

motleyanimal....

 

Thanks for that...  Everyone should take note of the date this recording was produced.

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