hno:
Mlink
Nope! The market has been way overvalued the last 2 years. With the unemployment rate as high as it is, the banks holding and not lending funds, the housing market continuing to slump with more foreclosures, and disposeable income non-existent, there was never any basis for the rise. Even though technically, by definition, the country is not in a recession, the fact is there is next to no growth and that will continue as unemployment continues to grow and more revenue is lost.
Because unemployment went up........when a company cuts thousands of jobs, they are saving money, hence the profit. I thought when they cut jobs, its bad for them also but evidently not.
