Its 3:45 and the DOW is dropping like a lead balloon.
The job or rather jobless numbers are worse than expected and all of a sudden Wall Street cares about it. I'm not sure which part of that is more surprising.
The zero hour work week at zero money per hour is not cutting it.
Wall Street shed a tear today for the poor man and woman.
The truth is I hate cynicism but what else is left?
Reuters: Wall Street falls sharply after factory, jobs data
September manufacturing data and worse-than-expected jobless claims released before the bell overshadowed more positive reports on construction spending and pending home sales.
2 comments:
I think you have to remember that on the other end of the "cynicism" dichotomy is "naivete." So draw the line wherever you like, it's a gradient. What's the saying? If you're not cynical you're not paying attention...
How about -
"Sande - Naive Cynic"
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