No amount of manipulation being produced by the government and others will change the fact that we're seeing massive job loses. I'm beginning to think everything but banks and automakers will crumble to bits.
Market must be getting its data from the government. Source cbo.gov Look at the miracles v-shaped recession. Stock trad3r is right. Look at the chart. How could I be so wrong.
Tell me if job losses will be priced in when you see unemployment rates above 10% sometime over the next 12 months. S&P 700 here we come.
Hey stock, ever heard of support and resistance? We hit a big resistance at 14h30. Market down the toilet.
And for fucks sake, how the hell is Michigan not a collapsed economy with 10.6% unemployment. Geez!!! That place should be in a shit hole by now. Where the hell is the state getting money to fund its day to day operations??