Friday, May 8, 2009

Great Start To The Weekend

Unemployment came in at around 530,000, much better than the 600,000 something that was predicted. While unemployment continues to climb, the rate of of the decline is slowing down and we need that to happen before we can start increasing employment. Unemployment hit 8.9%, it will probably climb to 10% but I hope it doesn't go much further than that. 

On a side note, tech has been showing a lot of weakness the past two days.... for no apparent reason. I bought some tech stock on the weakness. I think tech is giving us a good buying opportunity right now because once investors come back to their senses and see how most tech companies are saying things are bottoming out, they will realize there is no where but up to go from here. Tech CEOs are the few CEOs that have been saying things are only going to get  better, it seems most CEOs have been reluctant to say that about their company.

I'll have the carnival of investing strategies up later today, don't worry I didn't forget :)

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