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Strategies & Market Trends : Zeev's Turnips - No Politics
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To: Sully- who wrote (16153)12/27/2001 4:40:27 AM
From: Psycho-Social  Read Replies (1) of 99280
 
Record Layoffs:
Traders and investors can't make money reacting to old data. Initial Claims for Unemployment have continued to trend generally lower since their peak at 505 thous/wk centered in early October. It's the most comprehensive and timely barometer of current economic trends available and confirms a gradual moderating of the recession.
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