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Strategies & Market Trends : Mish's Global Economic Trend Analysis -- Ignore unavailable to you. Want to Upgrade?

To: zonder who wrote (3692)	4/6/2004 12:32:49 PM
From: mishedlo	Read Replies (2) \| Respond to of 116555

finance.yahoo.com Hussman mutual fund This is not a bad perfomnance for a mutual fund that primarily holds common stocks. His fund went up in some pretty bad times. He allocates a certain % to gold and treasuries and he will occasionally hedge his long value plays with index puts on the RUT or Spoos. no more than 1% ever in options. I would hate to have bought on Thursday as well, but no one is perfect. I held allmost all my eurodollars thru this drop and not exactly thrilled by it. Willing to ride it out. 3/4 point hike priced in for dec that I do not think is happening. I am not in treasuries here, but bears hopping in short here are gonna get cleaned once again IMO. M

To: zonder who wrote (3692)	4/6/2004 1:07:30 PM
From: mishedlo	Read Replies (1) \| Respond to of 116555

U.S. layoffs fall to 9-month low in March - Tuesday, April 6, 2004 5:34:41 PM WASHINGTON (AFX) -- Layoffs announced by U.S. corporations fell for the second month in a row in March to 68,034, the lowest level in nine months, according to outplacement firm Challenger Gray & Christmas The March figure marked a 12 percent decline from the 77,250 cuts seen in February and was 20 percent lower than the 85,396 cuts announced in March 2003. The March figure was the lowest since 59,715 in June 2003 The March data brought first quarter job cuts to 262,840, down 28 percent from the fourth quarter of 2003 and 26 percent lower than the first quarter of last year. The 12-month moving average, which smoothes out month-to-month volatility, fell to 95,289 in March from 96,736 in February, the firm reported. February was the first month the moving average was below 100,000 since June 2001 The financial sector was the hardest hit in March, the survey found, with 16,120 layoffs announced. Telecommunications firms had the second-largest number, with 9,823 Challenger Gray & Christmas CEO John A. Challenger said the data demonstrated that the heavy pace of job cuts over the last three years appears to be trending down, but said the job market still appeared to be in a "state of limbo," with firms eager to hold on to existing people rather than create new jobs "To prevent a mass exodus of experienced workers, many companies may be making it very worthwhile for those nearing retirement age to stay on the job," Challenger said. "Employers know they are far better off with a seasoned, senior staff versus the cost of acquiring and training replacements in a period when the customer is king, yet the direction of the economy is unclear." The Labor Department last week reported that U.S. payrolls rose 308,000 in March, the strongest monthly jump in almost four years Over the past eight months, payrolls have grown by 759,000, about 95,000 a month. The economy needs to create about 130,000 to 150,000 jobs a month to keep the unemployment rate steady as population growth increases the size of the workforce fxstreet.com