Zeev's Turnips Patch-No Politics (ZEEV)

[punkle]

Lee, I know you trade stocks but if you look at your post you didn't mention any company you were trading. You were simply dismissing the unemployment number as a lagging indicator and "old news," basically defending the bad news.

I bet it was "new news" to the 1,000 SEBL employees who heard their company missed their numbers this morning and plan on cutting a good 1,000 people. You think all the recent layoff announcements are reflected in this morning's number?

And keep in mind most of the real downsizing is done in constant stealth mode and is chalked up to "planned attrition" as no company wants to let their competitors know they are downsizing unless they are forced to announce it.

Ask Bearmove or anyone in the recruiting business if things are picking up.