PS....
Unemployment numbers don't seem to be bothering it either. People are dropping out of jobs like flies, and....nothing. That seems odd to me.
The easiest way to understand the stock market right now is to discard the notion that fundamental economic analysis means anything. It is a game, with a handful of high-stakes players gambling with borrowed money on a handful of issues with high-speed computers, all on short bets.
PS....
Unemployment numbers don't seem to be bothering it either. People are dropping out of jobs like flies, and....nothing. That seems odd to me.
I have seen this same thing in the early 80’s, this surprised me as well. I guess the theory was that employers were trimming up, becoming more “lean”, and wall street found this to be encouraging news.
However at this point I don't see how the same message would apply.