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From: David Hanscom <dhans...@gmail.com>
Date: Fri, 3 Jul 2009 09:12:30 -0700 (PDT)
Local: Fri, Jul 3 2009 12:12 pm
Subject: Re: Market is tanking even more due to unemployment rate
In what world is 10% unemployment considered a depression benchmark?
The Great Depression saw over 25% unemployment. Everyone has been expecting 10% for months now and the numbers have been moving down incrementally for the last few months. Additionally, the original report numbers will be revised several times into next year before we know what the numbers for the last month really were. I think the green shoots of recent months may turn out to be rose bushes but using the words of an investment advertisement as the basis for your investing strategies seems quite reckless and lazy. Dave
On Jul 3, 8:25 am, chleoku <chle...@gmail.com> wrote:
> As expected, our employment rate is reaching the dangerous 9.5% level
> and inching towards 10% benchmark of depression. Umemployment would > not peak until mid 2010. Looks like we are heading to the Dow 7500-800 > level soon: > http://www.wealthalchemist.com/Blog/2009/07/unemployment-nears-double...
> get in and short the market now You must Sign in before you can post messages.
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