Friday, December 5, 2008

Friday - Once a Week

It's still true that there is only one Friday per week. Enjoy it.

There is nothing really new today with respect to earnings, credit or the macro. With the market down big yesterday, it feels like we're setting up for a rally off a really bad jobs number. The estimate for the November unemployment rate is 6.8%, up from 6.5% last month. It could be that the sooner we get to 8% or some horrific level, the sooner that we can recover or at least bottom.

Edit: Wow, was I wrong

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