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


To: mishedlo who wrote (69966)10/5/2007 7:27:32 PM
From: Crimson Ghost  Read Replies (1) | Respond to of 116555
 
This sure is a funny crisis with major stock averages either making or flirting with all time highs.

The Fed's constituency is not the job seeker but Wall Street and the financial industry. And they are making out like bandits for the most part.

Stocks probably would have rallied even more if the jobs report had been weak That would have averted the sharp rise in treasury bond yields that limited today's stock rally to a certain extent.