5.9 C
New York
Friday, March 29, 2024

Continuing Jobless Claims Collapse To Lowest Since Right Before DotCom Crash Began

Courtesy of ZeroHedge. View original post here.

The last time continuing jobless claims was this low, the Nasdaq peaked at the end of the dotcom boom and collapsed over 80% in the next 2 years. So be careful what you crow about…

The ‘best’ continuing jobless claims print since April 2000… tumbling to 1.979 million (well below the 2.024 million expectations)

Despite a slump in industrial production…

Which just happens to coincide with the peak of the Nasdaq…

So this is hardly a leading indicator of awesome times ahead?!

Subscribe
Notify of
0 Comments
Inline Feedbacks
View all comments

Stay Connected

157,450FansLike
396,312FollowersFollow
2,280SubscribersSubscribe

Latest Articles

0
Would love your thoughts, please comment.x
()
x