Thursday, September 23, 2010

A realistic and accurate view of the market

A realistic and accurate view of the market.

He points out that the last drop in jobless claims was due to the reporting agencies being closed on Labor day.Apparently they only had reports from 41 states. In the nine states that did not report CA was one of them. Absence of the reporting states stats they, guessed to arrive at a figure for jobless claims.

Also I think the stock market is building confidence in the expected victory of conservatives in November. I expect we will have another peak rally before we sink. If you look at the markets of 1929 to 1933 they observed two very nice rallies before plugging for decades of disparity.

No comments:

Post a Comment