You know that Santa Claus is in town when the stock markets react positively to both good and bad news ...
Challenger and ADP say that the job market, overall, is not falling apart, despite a trickle of somewhat high-profile layoff announcements. ISM says that services part of the economy is expanding. Those two - That's good enough for Santa (remember that "recessions" are labor shedding events ...).
Holiday sales - not so hot, on an adjusted basis.
Prices ... will the run-up in costs of all kinds squeeze margins a bit?
Wednesday, December 5, 2007
Santi-Claus In Town
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