4/1/09
It seems market is showing some strength as I write this in morning trading hours. However, earlier ADP Employment report is the ugliest one month decline since half century ago(back to 1949). Oh my goodness. If this could indicate the coming friday non-farm payroll report, it would be the worst decline ever possible. Moreover, unemployment rate would be getting close to 9.0% mark. Who ever said the worst is over will be proved to be wrong again!!
Wednesday, April 1, 2009
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