Friday, April 03, 2009

Non-Farm Payroll Day...

Expect to hear a steady stream of "JOBS ARE A LAGGING INDICATOR". Tell that to the 700k+ people that lost their job last month.

Watch for more funny business in the birth/death model and the "total unemployed/underemployed number".

Markets seem like they want to keep rolling, it may take a disastrously bad number to stop this rally.

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