Quote:
Originally Posted by bobabode
Correctimundo. Only an blind ideologue, such as yourself, would characterize 60 plus months of positive job growth and a stock market almost tripling as in the tank. 
Don't you realize how ridiculous you look or is self awareness not your strong suit?  |
So the "blind ideologues" at CNBC look ridiculous to you too? From the linked article:
The jobs numbers come as both the economy and corporate profits have been weakening substantially.
In its most recently estimate, the Federal Reserve's Atlanta branch is projecting the U.S. economy to show just a 0.1 percent growth rate in the first quarter. At the same time, corporate profits are expected to drop about 3 percent for the period and another 2 percent or so in the second quarter, according to S&P Capital IQ.
I don't know what you're reading, but things aren't exactly humming along out there. Now, there may be underlying reasons for this:
"We were due a clunker," said John Canally, chief economic strategist at LPL Financial. "It's probably the same things that are going to be impacting the earnings season in a couple weeks. It's the strong dollar hitting manufacturing, the port strike hitting manufacturing, it's the really awful weather...But across all sectors, it was just pretty soft."
So, this might simply be the hard numbers catching up with expectations. Or....