Mark my word HL. There is going to be a big correction soon. If you listening to the local news all you hear is school closing, teachers and state workers been laid off, Budget deficits etc. While many of the companies doing well the middle class is suffering from the drop in state funding and taxes and there are some incentives for housing which are going expire soon if Obama don't renew.
I was hoping by now thing would change but the unemployment rate keep going up and it has to reflect on Wall Street sometime.
Don't let negative things break you, instead let it be your strength, your reason for growth. Life is for living and I won't spend my life feeling cheated and downtrodden.
Jobs: ADP released its monthly report on employment before the opening bell, showing that private-sector employers cut 23,000 jobs in March. This was in sharp contrast to expectations of a 40,000 job increase, according to economists surveyed by Briefing.com.
In February, the private sector cut a revised 24,000 jobs. ADP has not reported an increase in monthly payroll numbers since January 2008, when 34,000 private-sector jobs were added.
ADP was "a disappointment," said Hogan, especially because expectations are fairly high for Friday's government report on the unemployment rate.
"Census jobs should boost Friday's data, but it's a tree that falls in the forest where no one stands," Hogan said. "I can't remember the last time such an important report came out when the market is closed."
Don't let negative things break you, instead let it be your strength, your reason for growth. Life is for living and I won't spend my life feeling cheated and downtrodden.
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