11/06/2003

Markets After today's monster numbers, tomorrow will be an anti-climax. I don't look for a big number, mainly because there is a huge difference between first time claims (today's number) and Jobs, which means who is actually working and how many NEW jobs may have been created. Today's Jobless number just tells you that fewer workers have been laid off and are filing first time claims. The December Jobs (people actually working) number should be very big. If we get something like a 5.7% or lower tomorrow there will be a monster move in bonds and stocks, otherwise it will be factored in. As an add Those of us who took one or two courses in economics and left them totally confused, or those of us who never took any at all can take advantage of a great teacher. Larry Kudlow who writes for NRO can teach you something each week. He has a great way of explaining seemingly complicated data so that an economic illiterate can get it. Take a look every week. Today is a great example. And if you don't recognize that we are in a BOOM, something is wrong with you. If you ar 50 or older this is the last chance of your lifetime. If you are in your 20s you will have other chances. But this economy is taking off RIGHT NOW.

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