Recovery

Its interesting to read that a major indicator for the easing of the recession is manufacturing orders in China. Recall that we just read a few days ago that 40% of the merchandise in the US from China is literally dangerous, way beyond junk status.

So it is.

Tomorrow we will get up to date info on US job losses. The market is closed on Friday. Recapping, we got the alleged up beat manufacturing news today and the DOW lifted a bit. Tomorrow its jobs.

Any bets on the market's direction on Thursday? Truth is, its not predictable. Investors may very well decide that the job loss hemorrhage certain to come out tomorrow will be not as great as expected.

Reuters: Wall St gains on recovery hopes, but job data looms

"We think the economy has bottomed out and we'll see some positive GDP this quarter."

The unemployment rate is expected to have crept up to 9.6 percent -- its highest since June 1983 -- from 9.4 percent in May.

The job data is due at 8:30 a.m. on Thursday.