Thursday, June 10, 2010

NOT SO MOVING AM DATA

AM DATA

4 week moving average of jobless claims RISE 2,500 to 463,000 !!!!!!!! What have I been saying? 14 months into supposed recovery I still see 4 wk MA rising? at 463,000???

I ask you, how is THIS supportive to economic growth? HEY, let the market rally for whatever the reason, who knows I am growing fur for NO good reason....I DO NOT LIKE THE DATA,
I DO NOT LIKE THE BACKDROP, I DO NOT LIKE THE TECHNICAL PICTURE

D
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2 comments:

  1. Jay Jay5:57 AM

    It's all an illusion. Good stuff

    ReplyDelete
  2. D6:27 AM

    Thx. If this should improve dramatically, we would be happy to change our outlook.
    From march 2009, market was GROSSLY oversold....that has been corrected.....

    ReplyDelete