Loading ...The futures are set to open higher, but will it? No doubt, the unemployment number can move the market either direction, the consensus is 550K. Easy enough target to beat. The consensus for the leading indicator is 0.6%, another easy to hit target. Also coming out this morning is the Philadelphia Fed number expect to be 1 from a – 7.5, talk about setting the bars low.
Its starting to feel like the needed correction will never happen and the jobless recovery will continue. Everyone knows that the market is overvalued, manyfolks still losing jobs, yet the cheer it onward. We officially have jumped from on bubble to another bubble. Personally, I find it extremely amusing watching the lams head into the slaughter. The same folks that fell for the tulip bubble, the tech bubble, and the housing bubble will surely fall for the equity/dollar devaluation bubble. But I’m sure most of folks are calm and confident behind our solid group of leaders such as Berne Frank, Turbo Tax Timmy and Goldman Sachs.
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