Friday, July 06, 2012


Stocks are weak out the gate and continue so in a certain to be light trading session. blue arrow points to break of downtrend line, now will the decline hold above that break?

We lost over 8 million jobs, got back maybe 4 million. Majority of those seeking employment have been looking for 6 months or more. Many others are under employed, yet we are to believe gov't stats that say avg wages rose .3%?? Prior months weak jobs report was revised down about 10,000.

Are we creating 80,000 jobs? It takes near 200,000 to absorb any unemployed, not just new entrants into workforce pool. NO construction jobs were created, this report could get revised next report.

Blacks suffer more with over 14% unemployed, teens 25%.

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