Friday, June 4, 2010

1054

That is the line in the sand for the bulls if there are any real ones left. A break of 1054 will target 983.

Job Numbers

Wow these numbers are TERRIBLE. I have no idea why people think we are recovering, as i heard someone say yesterday even if we are creating jobs they are paid much less. Folks we are going into a time where high unemployment IS full employment.
Let's see what the big boys want to do today. This gap down will provide a buying opportunity for a bounce for the day but longer term I think we are sinking for sure.