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Strategies & Market Trends : Buy and Sell Signals, and Other Market Perspectives
SPY 687.57+0.7%Dec 10 4:00 PM EST
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To: robert b furman who wrote (11131)10/8/2010 1:29:13 PM
From: TraderMann  Read Replies (1) of 219969
 
I see ur point and evaluation.

But in the area I run is small business (entrepreneurs)is really, really hurting and struggling, businesses closing weekly. People losing homes, etc. No start-up businesses, no growth, little hope in that area. Construction has come to almost a standstill in many larger and plenty of smaller cities.

With the people that have stopped getting an unemployment check, small business owners that are now unemployed and people who are just sick and tired of looking for a job and the 10% that is shown by gov'n stats would easily exceed 22%. So only about 78% of the Country is at work right now. But the key here is the huge loss of small business that make cities grow and thrive. Consumers are really hurting right now and I do not see that much improvement since last yr at this time.

So getting back to the q, is the rise from 600ish to 1220ish on S&P500, a true reality picture of what has happened here in our Country (as Hawk questioned in his/her message)? I would have to say a resounding NO).

Has the economy improved? Humm depends on the sectors u look at and what cities u put into the mix. From what I see, the hurt is worse today than 1 yr. ago and it does not seem to be healing fast enough to stop foreclosures, defaults, etc. People running low on money. The Bailout should have been spent on reviving the private sector and we would have 5% unemployment counting everything.
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