Initial Claims Can’t Hold

April 26, 2012 8:43 am

The claims out this week were another sign that the employment situation is not only stalling, but it could be getting worse. Yes, Bernanke lowered his unemployment rate outlook, but the FED was way off on their last forecast. They are economists for goodness sake and allowed to change the forecast when thy are wrong….

The claims this week came in at 388,000, worse than expected. This is another in a continuing string of economic disappointments. The trend is not looking too healthy.

_______________________

Be Sociable, Share!

Disclosure: This material is provided for information only and is not intended as a recommendation or an offer or solicitation for the purchase or sale of any security or financial instrument. This material is not a complete analysis of all material facts respecting any issuer, industry or security or of your investment objectives, parameters, needs or financial situation, and therefore is not a sufficient basis alone on which to base an investment decision. Horowitz & Company clients may hold positions (long or short) in investments discussed.
Please click for detailed disclosures and additional information about our stock ratings and scoring.

Written by Andrew Horowitz · Category(s) Economy | Tags: Economy