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[email protected] gfretwell@aol.com is offline
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First recorded activity by BoatBanter: Jul 2007
Posts: 36,387
Default Turning the economic corner?

On Fri, 5 Jun 2020 07:54:55 -0700 (PDT), Its Me
wrote:

On Friday, June 5, 2020 at 9:00:33 AM UTC-4, Mr. Luddite wrote:
Labor Department released numbers for May that surprised
all economists and their dour predictions.

Non-farm job increase of 2.5 million.

Unemployment drops to 13.3 percent
from 14.7 percent in April.

(Predictions were for unemployment to rise to
19 to 20 percent.)

Data is through the middle (12th) of May that
included only the early stages of "opening"
the country. Next month's data could be much
better if this trend continues.


The Dow just hit 27,088. Nice.


The stuff I picked up off the bottom is recovering nicely. Even that
XOM I got at 39 is looking pretty good in spite of $1.79 gas. ($52.70
right now).