Stock Market Analysis – 12-04-2008
December 4, 2008 at 11:53 pm · Filed Under Broader Market
I guess I get to keep that line around for another day. Initial unemployment benefit numbers were bad today, and the official Labor Dept stats come out tomorrow. We all know by now that that can be an unreliable number for actually determining how the economy is doing, but typically unemployment serves as a lagging indicator for the stock market — peaking after the stock market bottoms. That gives you another number to aid in predicting when the market bottom hits, but I think the credit and real estate markets are still the thing to watch. Still bearish…
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