With continuing concerns across the globe and the U.S. economy being a perceived safe haven for investors as a result, the consensus this morning by several talking heads was that the DOW would top 18,000 today. After a decline of 94 in early trading, that mark is now almost 200 points away. Ahead of tomorrow’s official Jobs report, Challenger Job Cuts decline 30%, weekly Jobless Claims drop by 17,000, and ongoing claims hold relatively steady at 2.623M. I maintain that Stocks are poised for a fall as soon as interest rates start to rise. Nobody knows for sure when that will be. I am just like the medium pictured here, just without the nails and makeup.
