Why do they continuously use the word "unexpected" to describe near constant rises in unemployment claims? How about "unforeseen, unanticipated, unpredicted, surprising, startling, astonishing, sudden, out of the blue?" Seriously, the alleged unexpected spikes have occurred more months than not, so I am dumbfounded by the verbiage. Why are all the analysts predicting lower unemployment numbers when the economy is lagging at home and there are deepening fears about Europe's fiscal viability?
As a few economists have postulated, the economy is on target to take another serious dip as the market is overinflated and needs to readjust. The S&P 500 is now in correction territory, down over 10% from its high and the Dow is down 9%. As an analyst aptly stated, there are a "tremendous number of indicators" that suggest the whole market is oversold and "a sharp rally is at hand." All of this will lead to expected increases in jobless claims. I'm just waiting for someone to print it.
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