Oh, So Now There Are No Green Shoots?
July 3, 2009
Roger Nusbaum submits:
By now you know the non-farm payrolls report came out and the job loss for June was worse than expected. Fortunately the weekly jobless claims number stunk too (small humor attempt). And of course the stock market puked down yesterday.
The tenor of the comments on CNBC seemed to be that "oh well, forget about it now," this after the occasional berating of people who were not so bullish before the June data printed. This sort of manic tone that investors are exposed to from various parts of the media has the potential to be dangerous.