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Thursday, November 19, 2009

The Market On Thursday

At 8:00 a.m. futures are significantly down, the dollar is slightly stronger, oil is down, and the newest employment data comes out at 8:30 a.m.

Shite.

Quadruple whammy if you ask me, but hey you never know.

We keep reading that investors are worried about the strength of the economic recovery. I keep imagining guys in business suits, pacing as a group, smoking cigarettes, and occasionally bending over in a fit of tears.

We need to send letters to Obama. Its a very simple message, "Where are the jobs man?"

Reuters: Stock futures down as commodities fall, ahead of data
...investors will look for insight into the labor market with the release of weekly jobless claims data at 8:30 a.m.
CNN: Stocks set for early slide
"The Dow has gone up too quickly. I just think it needs to call off a little bit."

3 comments:

Glynn Kalara said...

The headline on the Wall st. journal should read...AMERICA YOUR FIRED! It's the truth. Corp. America sees the rest of America as just another group on the planet looking for work and from their perspective were a vastly over paid and under skilled rabble. Considering our new Pres. has basically ceded control over the economy to Goldman Sachs et al. I think it's time for plan B.

Jim Sande said...

Yeah, except plan B in the USA means Sarah Palin or Dick Cheney. Talk about disaster.

Glynn Kalara said...

But we'll be safe from Terraism and Free Enterprise/freedom will advance everywhere and we'll be greeted with roses by the liberated masses!