Thursday, May 05, 2005

JOB SIDS?

FRI we get employment data, I am expecting a LARGE number, because from my research, the net birth death model adds the most jobs in this period.

Knowing that, any WEAK number in reality would be even weaker. And you wonder WHY isn;t the data just reported as it is?

There is a lot going for the bulls, for now I think the rally could continue, phase 2 of the bear market isn't in play until 10K falls at the least.

I do NOT forsee new highs in 2005, large cap and defensive issues could fair much better here. Rates are lower than this time LAST year, and the FED will continue to raise.

D

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