Data ADP 473K job cuts expected concencus under 400K. 18.9% DROP in mortgage applications even with rates at historic lows, anyone telling you the economy is recovering should explain this.
A black friend of mine was over for dinner last night, he is sick of Obama and knows the middle class will bear the burden of his plans, as the poor reap the benefits on the avg Joe's back, crippling further consumer sentiment, which did not ramp up in last report.
SO let them tell you CHINA is rising, Europe is rocking, the bottom is in, and I say I SMELL A RAT.
L buying power is almost BACK where it started this 4 month rally! BEAR MARKETS AREN'T OVER UNTIL TH EFINAL LOW IS IN......so is it? END OF month and quarter and even beginning of next month tend to be manipulated higher....I'M still watching SPX 930
D
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