GEE< href="http://research.stlouisfed.org/publications/usfd/page3.pdf">LINK TO "OUT OF THIN AIR"unbereevable
5 MORE BANKS SEIZED
"Bottom line, it's not a good report. And the headlines will reflect that in the papers tomorrow," said Robert Pavlik, chief market strategist with Banyan Partners. "In the longer term, we've expected to go above 10%. But no one expected a jump to 10.2% from 9.8% in September. Now it starts to really hit home. It's going to have ramifications in areas like consumer spending."
According to CalculatedRiskBlog.com, when comparing the current employment recession to other post-World War II recessions, the percentage of job losses relative to the peak employment month is now longer and deeper than any other. The U.S. is currently experiencing the second worst unemployment rate since World War II, still below the 10.8% peak in the 1980s.
Friday was Disneyworld......next week I think the market will begin to reflect on the GREAT DISCHORD of which is the sepearation of reality in stock valuations to current real world happenings.
If LONG know you are in one fo the MOST OVERVALUAED MARKETS IN HISTORY when cpmaring the 139 PE and 2% div yield.
D
No comments:
Post a Comment