Economy in 2002, Was It that Long Ago Rants from Lance
August 16th 2008 05:01 am
Well apparently the job recovery will do the typical stock market recovery 6 month after follow-up. They use to teach this in business schools with the 2 year, 3 year cycles. Well here is something that should be expected. So many people are out of work that the prison labor used is taking jobs away from the manufacturing sector. Well prison manufactured issues.
http://wichita.bizjournals.com/wichita/stories/2003/08/04/editorial2.html
Obviously this is a serious issues yet what do we call Chinese labor issues? Much of those economic enslavement issues are fairly routine. Interesting. Our job recovery will be in 3-6 months, because that is when most people feel that the stock market recovery started, actually it started exactly at the tail end of April, that was the bottom, of course there was no way for any one to know that who did not see the future.
Now if the media was calling out the return of the stock market in March, then everyone would be getting back to work now in October. But they did not, now everyone is calling BULL RUN soon, but really the stock market is up 23% or more on the year. So they started talking about it in July and August so add six months and forget this years January rally since the regulators are hammering the companies. The small caps will move but I am unconvinced that the January barometer will be super significant, but probably enough to prove self worth for the President and with little competition, the comments from the opponents or podium gods or should I say god by then will be of no value, because the “Economy” or “it’s the economy stupid” will be a non-issue and those comments simply will not work when the jobs are coming back and the market is moving upward with momentum.
What could change? Well Spitzer might still be alive or he may seek the V. Presidency on the Democratic ticket and go for broke in his complaints about corporate governance, but really that will be the end of his career. You see folks the casino days are over and Reed is going to clean house and cut the number of board members, divide the NYSE into tow main departments, regulation and management, something that should have been done long ago. Then give a warning to the wire houses that the games are over. Elliot Spitzer meanwhile is going to collect more pittance for his new d
Tags: donaldson, Economy, gambling casino, nyse, reed, spitzer, stock market