The DJIA has ADDED about one point for every thousand American jobs LOST over the previous month.

The rally comes on the back of some typically bogus numbers. The only conclusion I can come to as to why anyone would buy stocks right now with all the UNCERTAINTY out there is the word DENIAL.

There has been a good run. Why try to guess the top? Get out now! Leave your money in money markets or cash. Short the way down when the tide turns and wait for the inevitable bottom and then load up again.
You know it will get ugly in September or early October. With Commercial RE about to implode, inventories are not being rebuilt, confidence is fragile at best. Unemployment will continue and a sense of frugality is filtrating throughout the population.

Don’t be greedy-be smart!

shawn

Related Posts:

• Unemployment jump could be HUGE.
• If our market goes as per Fundamentals, Dow will be close to 8000 or even less than that.
• This recession is far from over! We’re just lucky that it did not turn in to a full depression.
• Just a little update on friends that have lost positions in the past 6 months.
• People are ignoring the real economy and focused on propped up stocks.

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