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VVance
1670 Posts |
 Posted - 04/24/2008 : 12:16:00 PM
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And it keeps on going. New and existing home sales figures awful. Foreclosures soaring, Gas Soaring, Unemployment Up, Corporate Profits Mixed, and I'll bet, Consumer Sentiment figure tomorrow is horrible. But no worries...The Dow is approaching 13,000!
Even though the Stock Market is said to be the best predictor of things in 6 months, If this trend continues, All Homes will be Foreclosed on, We'll all be unemployed paying $5.00 a gallon for gas, We'll all be eating Rice...oh wait...there's a shortage on that... and the Dow will be at 20,000! No disconnect here... |
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lucky1s
3339 Posts |
Posted - 04/24/2008 : 12:16:43 PM
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| As long as rates go down. |
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GSE_
266 Posts |
Posted - 04/24/2008 : 12:20:30 PM
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| Unemployment claims did not go up................that is what is pushing this market rally |
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5266052
91 Posts |
Posted - 04/24/2008 : 12:48:36 PM
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| Nothing like a positive attitude... |
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williamspeaking
4039 Posts |
Posted - 04/24/2008 : 12:52:40 PM
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| pricing is about .375 worse today from yesterday. |
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mantixmortgage
2660 Posts |
Posted - 04/24/2008 : 12:53:48 PM
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| damn we are all going to have to live off our parents :( |
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richrano
273 Posts |
Posted - 04/24/2008 : 12:57:33 PM
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| I'm so happy...I just saved 300.00 on my car insurance... |
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VVance
1670 Posts |
Posted - 04/24/2008 : 1:45:19 PM
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Actually, Unemployment is higher for the year. Jobless claims were lower for the week. Regardless, employment data is historically, or so we've been told, not a leading indicator but a lagging indicator.
Point being, the Dow indicates that everything is and will be rosey with the economy. I must be the one living in denial.
http://biz.yahoo.com/rb/080424/usa_economy.html |
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