The labor market still under strain?

With the economy barely staggering along one would have hoped that things would at least look a little bit brighter in the labor market but that does not seem to be the case as the number of jobless has not decreased as per the expectations of the markets.

In reality, one can say that the labor market is stagnating and that is not good news, which ever way you swing it. All that it indicates is that the companies in general do not want to over spread themselves and that they are all bracing for more bad news. One can counter that by saying that corporate america is being pessimistic but then again none of us can really agree as to whether a glass is half full or half empty. Lets hope that the labor market shows some signs of revival soon!

Wall street turns bleary eyes on to info for next week!

With all the battering that the Wall street had taken over the last few days, it has turned its bleary eyes on to the information like the earnings data,retail sales and the inflation data to get an inkling as to where the markets are headed. But the thing about asking for information is that it may well confirm that recession is already here.
Either way, it is going to be one roller coaster ride and there are not that many takers for the idea of the marker shaking of the 'Bear grip' that it seems to be currently under. With more and more banks coming out with fresh news as to their exposure to the Mortgage crisis, the last thing that the Wall street may need is to know that the companies are cash strapped.
Sometimes, ignorance is a bliss and that may well be the case for the Wall street this week. With indicators already pointing to the red, the ride, it seems, will be heading right to the sub levels of the financial markets.