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Strategies & Market Trends : Mish's Global Economic Trend Analysis

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To: skinowski who wrote (108968)2/25/2010 12:56:35 PM
From: mishedlo2 Recommendations  Read Replies (1) of 116555
 
Weekly Unemployment Claims Spike To 496,000; Will Reality Soon Set In?

globaleconomicanalysis.blogspot.com

Yesterday the market rallied the moment Bernanke started yapping to Congress about holding interest rates low for a considerable length of time. Pray tell what did he say that anyone should not have expected?

Perhaps today the reality of "why" Bernanke feels compelled to hold rates low will set in. Following news that unemployment claims spiked to 496,000 the S&P 500 gapped down 15 points. Is there more where that comes from? ....

Mish
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