Quote:
Originally posted by james t kirk
Well, if this is a humming economy, i'd hate to see a faltering one.
The Nasdaq has retreated the last 8 weeks in a row due to uncertainty about the so called jobless recovery.
There are something like 2 million americans out of work in 2004 that were working in 2000.
That's hardly a stellar economy. Mind you, the employment numbers are always a lagging indicator. Tomorrow the employment numbers are out for last month. I guess we will see what happens.
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A faltering economy will put this to shame. The economy is still growing and at a pretty healthy pace. The Nasdaq is far from an important indicator of economic health. Unemployment, while higher than it's been recently, is still relatively low in historical terms.