Friday, November 6, 2009
10.2%
The unemployment rate has put a little fear into investors. How quickly sentiment changes based on a single month's employment number. It shows how fragile investor sentiment is. After yesterday's big up day, I am hesistant to buy even with a decent discount to yesterday's close. And I am hesistant to sell in the hole after all this gloom and doom from the employment report. I am leaning more to the long side today but I will likely just be watching.
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