Thursday, January 14, 2010

Double Dose of Bad Economic News

from WSJ:
U.S. retail sales fell in December unexpectedly, signaling restraint by consumers during the holidays as the economy wrestles with high unemployment.
Meanwhile, the number of U.S. workers filing new claims for jobless benefits unexpectedly increased last week, but a drop in the four-week moving average to its lowest level since August 2008 showed claims are still trending downward. Total claims lasting more than one week, meanwhile, decreased.

Will the stock market shrug it off? Consider it shrugged!