In previous recessions the sharpest period of job losses tends to coincide with the end of the recession (its the low point). That's what the market is betting on when it rallies on these figures but doesn't mean there can;t be worse to come.
thursdays malaise, page-32
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Last
8,178.7 |
Change
-76.900(0.93%) |
Mkt cap ! n/a | |||
| Open | High | Low |
| 8,255.6 | 8,255.6 | 8,139.1 |
| XJO (ASX) Chart |