The Rest of the Unemployment Story (like the retiree-skew)
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Ouch. Well
that wasn't very much fun. Gotta be honest about Friday's decimation though...
I really don't think it's a glimpse into the current investor psyche. That is to say, I seriously doubt the market has been thrown over a cliff and is now going to plunge to its doom. If anything, I suspect Friday's big pullback hit the proverbial reset button on the rally, and I'm looking for the bulls will come back swinging next week.
I'll explain why I believe that in just a moment. First, let's give you the rest of the employment story you didn't get today. I've also added some of my own data to the mix that should really put things in a different perspective regarding the true state of employment in the United States right now. After that, we've got another exit to make for one of our positions.