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To: Les H who wrote (18163)4/2/2010 5:11:55 PM
From: Les H  Read Replies (1) | Respond to of 29604
 
COTD - Nonfarm Payrolls (% change from recession start)

Today, the Labor Department reported that nonfarm payrolls (jobs) increased by 162,000 in March -- the largest increase in three years. Today's chart puts that decline into perspective by comparing job losses following the beginning of the current economic recession (solid red line) to that of the last recession (dashed gold line) and the average recession from 1950-1999 (dashed blue line). As today's chart illustrates, the current job market has suffered losses that are more than triple as much as what occurs at the lows of the average recession/job loss cycle. It is also worth noting that previous job market declines did not tend to end abruptly but rather flattened out before moving back into an expansionary phase. Today's relatively positive jobs report provides an early indication that the current job market is moving from a phase of stabilization to that of expansion.

chartoftheday.com



To: Les H who wrote (18163)5/22/2010 10:05:00 PM
From: g_m10  Respond to of 29604
 
http://www.chartoftheday.com/20100312.htm?T

Les,

A nice chart. Makes perfect sense. $10 trillion of excess money is showing up in the excessive prices people are willing to pay for the stocks.

If or rather when p/e goes back to 10, which is not unreasonable according to the chart, DOW may end up around 5,000 take or give.

gm