Any bad news can throw us, and the jobs report was perceived as bad news, seen as a sign that the recovery is fragile, but that's not necessarily true. In the last two recessions, a pickup in employment only happened a year after the recession had ended. So just because unemployment is higher doesn't mean we're not on track for a recovery.
More Quotes from Jack Ablin:
We're no longer in a buy-and-hold environment. You have to be much more active in sector allocation. That's where the future of this business is going.Jack Ablin
Fundamentally, I think the stock market is fairly valued, but there are a lot of issues around that are causing investor concern.
Jack Ablin
We have some very ugly numbers. You can argue that the ISM is still backward looking, and maybe even the jobless claims, but eventually we're going to need some evidence that the economy is improving. We had a lot of enthusiasm coming from earnings, but the news today is a little bit of a slap in the face that we're not out of the woods yet.
Jack Ablin
The projected job growth number would mark a pretty strong snapback from the previous month.
Jack Ablin
It seems like the market is obsessing on this bond market fallout, which was somewhat precipitated by the move to raise (interest rates) in Japan. A lot of the fuel that has been used to invest in this bond market has been derived from 'easy money' in Japan.
Jack Ablin
What I worry about is that if the Fed continues to tighten, they could commit the same error they have done every time since 1980 and cause a financial crisis.
Jack Ablin
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Based on Topics: Media & News Quotes, Sign & Symbol Quotes, Unemployment Quotes, Work & Career QuotesIn Shakespearean tragedy the main source of the convulsion which produces suffering and death is never good: good contributes to this convulsion only from its tragic implication with its opposite in one and the same character.
Andrew Coyle Bradley
The nation... doesn't simply need what we have. It needs what we are.
Edith Stein