RE: Jobless Claims up! Market down?I'm actually very bullish mkts right here for weeks. Financials have probably bottomed this morning already. I thought we would see a slightly stronger rally the last few days for the mkts but it was somewhat more muted. However, I was expecting this dip late this week, and this is the signal I was looking for to kick off a surprisingly strong rally.
There is no question that the economic news is bad, but probably it is priced in for the time being. The mkts have never traded in tune with economic news. Of course this won't last for long, but for now that is the case. A big plunge is coming for the mkts in the fall without question imo. Still early for that from my point of view.
SC