Technically wall street has alot more to fall. That H & on the SPX is quite telling
Fundamentally, imho - despite job numbers being weak..manufacturing is quite robust and demand for US products has not been dented in fact if the USD stays low there will be a pick up in demand for US products. Iphones, Blackberry's, Microsoft, Dell etc etc
The job numbers is a case in point where profit margins will stabilise [wage cost decrease] In the U.S 90% of the population is still employed.
What I am trying to get is that, despite the economy is attempting to flatten out and I believe it is. Weak job numbers could prove to be positive for corporates as they tighten up their profit margins due to lay offs.
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