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Friday, March 06, 2009

Just a thought: More job losses and economic pain ahead?

Stock market is considered a leading economic indicator. It tends to peak 6 to 9 months before the ecomomy recovers, even though job losses are still approaching their peak. Currently, some analysts think that stock market will drop further - further drop has become all the more possible now that the stock market broke through the 7000 support level on the Dow and 700 level on S&P500 earlier this week. Since stock market is a leading indicator and it's expected to fall further, does this mean that there is still more room for the job losses and the economy to deteriorate further? Just a thought.

posted by Ruby @ 9:39 AM

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