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Notes to myself, possibly of interest to others.
-- Bill Northlich

Friday, September 25, 2009

Rosenberg Daily - Market has outrun reality

...when the stock market has put in such a sizeable advance in the past from a recession trough, employment, as lagging as it may be as an economic indicator, is at least up more than 2 million. How can you possibly have the sustainable recovery that equity markets have priced in without any job creation?

--- Rosenberg, 9.25

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