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Politics : Idea Of The Day

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To: Stoctrash who wrote (39804)	5/31/2001 9:08:07 PM
From: TWICK	Read Replies (1) of 50167

The popular theory is that the jobless rate is a lagging indicator, and the rise is the delayed effect of the slowdown in growth since last spring. That's the most ridiculous theory I've ever heard. It doesn't make any sense, except to the stupid Analysts who then feed this crap to the poor account holders, who then just assume that it's correct since their stupid Analyst told them so. The bottom line is that the leading indicators based on the economic fundamentals don't see a recovery yet, but the markets do. I'd be a lot more comfortable if the fundamentals confirmed what the markets are saying. Again, something you hear every friggin day on CNBC and other news services. "The market's discounted all the bad news." "We finally hit bottom". "Q2 is when all will be OK, and this was just a big buy-on-the-dip correction". Blah. Blah. Blah. Makes me sick. Great post BTW. Thanks for sharing. Twick

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