550k initial jobless claims, outstanding, superb, excellent, what else can I say about that number. But what really makes it great is that wall street expected 560k initial jobless claims so now the permabid spu buyers have another reason to turn on their algos that rally SPUZ all day. Its so simple.
Im clearly on the wrong side of this tape and that sucks. I have salestraders calling me telling me to pile into life insurers - ok - lifeinsurers benefit more than just about anyone from rising stocks. Does not exaclty fit my thesis.
JB
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment