Quote:
Originally Posted by PrettyBoy
I just know things are still jacked.
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Small signs but not there is not a bad way to look at it. This morning we saw a little bit of confidence in the Housing Starts data. +5.8% vs. March +5.0% (revised from +1.6%) at 672,000 unit rate vs. consensus 650,000 vs. March 635,00 (revised from 626,000).
Today, US Stocks dropped along with the Euro. The Euro is currently trading at $1.2699 to the US Dollar. The Dow hit a -115, Nasdaq -37 and the S&P 500 -16. Bonds took a flight to the sell off and rallied near futures close.
I think that once we start seeing some liquidity and investor confidence open up in the markets we'll get a better warm and fuzzy on the creation of new jobs.
Still as Pretty Boy puts it, "things are still jacked".
What's adding fuel to this whole thing is the whole financial reform thing where Senators introduce amendments one day and vote on them the following day. It's hard keeping up with all the amending and voting going on these days. Interestingly enough what is likely to become wealth shifting financial reform is happening in an election year. This stuff is huge for the business models of market makers and money managers. You can't help but wonder how the marketplace will react to misguided legislation.
Here's a pretty good site that can help you source some job opportunities in your area.
http://www.bestjobsusa.com/
Best of luck if you're out there and looking.
Cheers,
Boodleboy322
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