Thursday, November 4, 2010

STOCKS RALLY on increased jobless claims!

Yep, because the Fed said they can fix this. Horsedovers!! They have NO CLUE!
Buried in an MSNBC article largely upbeat:
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The economy's recovery from the longest and deepest downturn since the 1930s has suffered a setback, leaving unemployment uncomfortably high. The economy grew at a sluggish 2.0 percent annual pace in the third quarter, a touch faster than the 1.7 percent rate in the second quarter, but way below potential.
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The fatcats on Wall Street can just "setback" and keep sucking in the money...

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