UNEMPLOYMENT claims "surprise" rise to 482,000 and the 4 week moving average also rose 7,000 after falling for 19 straight weeks.
I hear gov going to commision a study into how they can help small business.......take your time...do a study......and maybe some will be still there when you figure out how to help them.
Small biz in hard time can't gain access to any money from the banking system, why after all their cash flow is going to suck, and they are sustaining losses so NO bank wants to lend into that!
Meantime the bigger players may have credit lines, and some maybe too big to fail. The stock market can continue to rally, whoopie, but on MAIN STREET real lives are being destroyed, real people can't get jobs, real houses fall into foeclosures as the too big to fail enterprises get to make up valuations of their paper and have virtual free access to money and profits and well they feel pretty good about themselves.
Is the vote in Mass a vote for a SMALLER GOV, less waste and spending? If it is, hasn't this gov splurge been the main thing driving the economy?
Previous trading range had been around 1120-1080. top is 1150 one of the targets mentioned for some kind of top.
Duratek
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