That's more people than in the all of Alaska. The country is hemorrhaging jobs, and right now I am still wondering how many of those jobs are going overseas. Not going to be shy here, how many times in the past has a calamity been used to mask the real goings on. Okay, so maybe I am a little paranoid, and you're not, you ingrate.
So another week of job hemorrhage didn't slow the DOW because the real green shoot of the day was Bernanke's performance before Congress.
This is like a mafia boss sending off rounds of drinking in Brooklyn bars because he wise-guyed some Congressman from Jersey.
The market jumps on Bernanke's testimony, what kind of crap is that...
Reuters: Bernanke testimony boosts Wall Street
Stocks jumped on Thursday as investors were relieved that Ben Bernanke weathered a congressional hearing well.Reuters: Jobless claims, note auction bolster bonds
The U.S. Labor Department reported first-time filings for jobless benefits climbed to 627,000 in the week ended June 20 from an upwardly revised 612,000 in the previous week. Analysts had forecast a reading of 600,000.
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