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US Stocks Retreat on Worse-Than-Estimated Jobs, Services Data

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US Stocks Retreat on Worse-Than-Estimated Jobs, Services Data – Bloomberg

I don’t get it! Are they all walking around blue-eyed. Anyone who follows day-to-day news on TV, radio and the Internet has known this.  Even media and the government try to tell us that things are getting bettere, like increased consumer spending in June or sales increase for Ford Motors Company, they also tell us us in verbal small print that unemployment is still rising (40 labor markets have now double digit unemployment rates) and that foreclosure and bankruptcy filings are on the rise.

Sometime I have the feeling these stock brockers have selective hearing and react only on what they would like to hear.

More and more does the stock market become legalized gambling.

Private businesses cut 371,000 jobs in July.


About Oliver Schmid

Experienced IT executive with over 20 years of global experience and demonstrated success in driving IT value, business and IT, reducing overall costs, and quickly executing and delivering business solutions. Member of the International Association of Outsourcing Professionals (IAOP)

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