Lots of possibilities... bottoming is one. In fact, a test of the November lows could be "Wave5 Down"... and we should buy that. (That could be either (a) end of the bear market, or (b) "Wave1 Down" of the bear market.... if that's the case, THE bottom is a lonnnnng way out and much lower.) $35-$36 oil is significant on the chart.
The economy sucks.. EVERYBODY knows that except for StockTurder.. I think 10% unemployment NFP headline number is priced in.. the real economic effect of that, though, is probably not worked in... There are many sectors still worth selling, and there are many sectors that are now worth buying... but most likely everything will be choppy for the first half of 09...
Actually they are very comparable considering how massaged the 2008 numbers are. Unemployment nowdays is understated by 50% easily, I would say.
Careful. The ET luminaries will be quick to point out that all government statistics such as population figures are highly manipulated
Remember we're using "government math". If the number is bad, divide by 2 before releasing data. If the number is good, multiply by 4. Real unemployment rates are around 12-15%.
Unemployed in 2008 is 495 million. Wal-Mart is worth $250 Billion and $60 Trillion = $60,000 Billions. Now 60,000/250 = 240. So $60 Trillion = 240 Wal-Mart companies. This means loss of $60 Trillion has shut down 240 Wal-Mart companies in the world. Wal-Mart has 2,055,000 employees. Now 2,055,000 x 240 = 493200000 This means 493 million jobs have been lost worldwide because of $60 Trillion loss from commodities, stocks, bonds, real estate. This is DEFINATELY beyond rescue. http://www.marketoracle.co.uk/Article7923.html
The only numbers that are manipulated are the ones that help von mises to be right and ron paul to be president
Numbers are all over the place: New jobless claims rise more than expected to 589K WASHINGTON ââ¬â The number of new unemployment claims jumped more than expected last week, as companies continue to cut jobs at a furious pace and more Americans turn to an extended benefits program. The Labor Department reported Thursday that initial jobless benefit claims rose to a seasonally adjusted 589,000 in the week ending Jan. 17, from an upwardly revised figure of 527,000 the previous week. The latest tally was well above Wall Street economists' expectations of 540,000 new claims. The increase is partly due to a backlog of claims that piled up in recent weeks in several states that experienced computer crashes due to a crush of applications, a Labor Department analyst said. The four-week average of claims, which smooths out fluctuations, was 519,250, the same as the previous week. The above paragraph is the important one. State employment offices are in a melt down mode. They are so far behind that the government has no real idea of just how many people are filing. Safe to say all numbers are low balled.