Thursday, August 4, 2011

Terrible Turmoil

Jobless claims spiked above the 400,00 threshold again, with last week's sub-400k figure revised upward so that it was also 400,000. That's 18 consecutive weeks! But Wall Street is ignoring the ugly news, and is determined to rally into positive territory again for a second day. Choppy charts! I'll wait until the charts look more friendly.