The economic recovery is still a-happening. Might slow down a hair from the hectic pace of late 2009 and early 2010....but no reason for a 16% decline in the market. We still got the right President for these times.....he is ranked as the 15th Best in American History....and we still got private jobs growing/GDP growing/manufacturing growing.....
Most of the market sellers appear gone (they have been gone for over a year now)...so in the big picture outlook......selling has dried up to some extent.
I look for a sideways market til the Autumn. By the Christmas season we should be heading back to some decent levels...on our way to DOW 14K by Nov 2012.....
I'm not very smart but the economic statistics that are out are a bit puzzling to me. Obama says the economy is recovering very nicely. Is he that dense? The month of June the number of private jobs lost was 125,000 with another 750,000 unemployed that stopped looking for work. BO sees this as recovery. This looks like a new depression to me. The country is in bad shape and he wants to give amnesty to upward of 40,000,000 illegals and he favors open borders with Mexico. He is out of touch with reality. WE ARE IN BIG TROUBLE.
>>>The month of June the number of private jobs lost was 125,000<<<
Actually 83,000 private sector jobs were created in June............a modest amount but better than the -770,000 per month that Obama inherited in Jan of 2009. Lots of census workers were let go and thats why we got -125,000. Everyone knew that was coming.
Let go of the illegal problem.....it wont be solved in our lifetime. No real workable solution except to lock up all the republican business owners who knowingly hire illegals. That may work...but it aint gonna happen. Also a 20 year recession with no jobs created at all...that might solve it...but that aint gonna happen either.