April was last HIGH for DOW, action now below both 50 and 200 SMA. Bond yields are beyond Recession looking......now diving towards lowest levels we've seen last FEB 2009....when stocks hit 6,600...food for thought.
Todays "employment" report was rather sad, sad looking, sad for those wanting to work.
Payroll taxes should be CUT IMMEDIATELY! LOW INTEREST LOANS SHOULD BE MADE TO SMALL BUSINESSES up to $500K...if you have a face, can at least show you are NOW breaking even and can service the loan and employ between 20-50 employees.
What will companies do if as it would appear, their bottom line is at risk with SLOWING sales and no way to raise prices, and costs rising?
WE have a job crisis, and others.....and I'm sorry I don't see the administration taking it seriously....high level action is needed.......and fast....and not the raise your taxes kind!
We are sinking into the pit of iniquity or which no certain return can be promised, not for a long time.
D
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