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Strategies & Market Trends : Gorilla and King Portfolio Candidates

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To: paul_philp who wrote (46406)9/11/2001 3:37:30 AM
From: Bruce Brown  Read Replies (1) of 54805
 
1) Interest rates are low;
2) Historically, unemployment is very low;
3) The world is at peace (by and large);
4) The pace of innovation is accelerating.


Paul, you are correct. In regards to your point #2, here is a chart from the BLS (Bureau of Labor and Statistics) that includes data up to July of 2001 and compares on a state by state basis, the unemployment level compared to the historical highs and lows since 1978:

stats.bls.gov

Although more layoffs are coming as in any slowdown and it is not known what the "peak" of unemployment will be in this business cycle, the unemployment rate is still much nearer the historic lows than the majority of the double digit historical highs for the 1978 to present period.

BB
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