Job losses are a lagging indicator and continue to go down even as the economy turns. However, these losses are big and combined with todays negative ISM index the DOW could fall about 200 points tonight. There is nothing to hold the market up tonight.
Overall, jobs are the only thing that will turn around the US economy.
Our market has been accurate in prepempting the US market lately and we will likely see accelerated selling tomorrow (today).
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