The last time continuing jobless claims was this low, the Nasdaq peaked at the end of the dotcom boom and collapsed over 80% in the next 2 years. So be careful what you crow about...
The 'best' continuing jobless claims print since April 2000... tumbling to 1.979 million (well below the 2.024 million expectations)
(Click on image to enlarge)
Despite a slump in industrial production...
(Click on image to enlarge)
Which just happens to coincide with the peak of the Nasdaq...
(Click on image to enlarge)
So this is hardly a leading indicator of awesome times ahead?!
Comments
Log in or sign up to join the conversation.