we knew about unemployment problems back in March, but that didn't prevent the markets from surging - employment is a lagging indicator to stocks. The latest pullback is due to one report out of prolonged recession- well we already know that too! Now the focus will be Q2 earnings and forecast. Spin doctors will always try to find some negative news to report, but at the end of the day stocks will continue to rise anyway, since fundamentals, not sentiment or technicals will drive stocks higher. Already stocks are higher overseas & Canada.
.....MOUNTAIN OF DEBT: Rising debt may be next crisis
.....<< The country first got into debt to help pay for the Revolutionary War. Growing ever since, the debt stands today at a staggering $11.5 trillion -- equivalent to over $37,000 for each and every American. And it's expanding by over $1 trillion a yea. >>