At +492,000 Jobless Claims came in much better than expected with today's report.
Wednesday, December 31, 2008
Collapses, Corruption & Bailouts, Oh My!
Financial's and banking failures, the auto manufacturer's collapse, the Madoff debacle; I'm just waiting for one more shoe to drop and judge the market's reaction to it. The recent settling of the markets (primarily due to the holidays) has been constructive in order for the indexes to put in a bottom.
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