It always amazes me how MSM like to make mountains out of molehills, a 31,000 drop in claims and look at futures rock. But 4 wk moving average still rose by 3,000.
At this point in recovery? we should be well under 400,000, how is 475,000 claims good?...less bad.
The deleveraging is just in its infancy where I read just to get back to the norm we have some
$6 - 7 Trillion of debt to go.....we may be at the head of a new SECULAR trend of less spending, more saving and little job creation.....that doesn't spell a rockin stock market to me.
Nikkei under 9,000 again
D
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