As we go, now 14 points from rally highs (1330 vs 1344)....less and less stocks join in the fun.Lots of commotion about unemployment claims falling to 368, 000, now this MUST be definitive proof we have turned the corner and a "HUGE WAVE OF HIRING" is just around the corner.
DO you think at some point.....most of the people shagged have already been taken out? OF COURSE IT WILL SLOW.......BUT WHAT ABOUT NEW JOB OPPS? less claims is one thing, NEW HIRES IS ANOTHER....we ned something like 350,000 jobs a month just to keep pace
Remember last report came out in 2 months rate fell from 9.8% to 9.0% !!! but when you look closer, the rate fell mostly because of how many DROPPED OFF THE ROLES....gave up looking.
Crisis' come and go....don't worry about nuthin' nor $100 OIL.....that is temp spike, most INFLATION is measured by wage presures, that is non existant......but when you think how goods are produced and transported...OIL above $100 is not a good thing....
There has been NO measurable relaxation of bullishness.
D
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