Saturday, June 05, 2010

Have Stocks Fallen Too Far?

On June 1st, 2010 Jennifer Hughes, senior markets correspondent for the Financial Times, asked whether the stock market sell-off overdone.  Looking at the ISM’s purchasing manager’s survey and anticipating  Friday non-farm payrolls data thought that a week of good news from big headline data could mark a turning point, and given the current pessimism pervading the market, the real tail risk might be a move to the upside. (2m 34sec)

Unfortunately, the BLS disappointed.

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