TraderWise

I feel so strongly about yesterday's report that I want to keep it up for another day or two. Not much has changed overnight. Intitial jobless claims came in as expected, but the 4-week moving average increased by 5,000. The steady improvement has stalled and employment growth is less likely. There is rioting in Greece after major budget cuts are enforcded. Unions are striking and the country is paralyzed. This same scenario will unfold as other countries are forced to curb spending. The rest of the report is a repeat from yesterday. If you have not read it, you should!