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High unemployment here to stay for a while

If anyone has been looking at earnings lately the average stock is beating their earnings estimates for the 2nd quarter.  According to Peter Boockvar, his earnings cheat sheet shows about 83% of companies beating their earnings estimates in Q3.  Granted the expectations are lower than previously thought, but does anyone find it amazing the cost savings . . . → Read More: High unemployment here to stay for a while

This rally is for real

I must say I still believe this is a bear market rally, but I am not standing in the way of this market rally.  We have gone from the low of 667 to 942 today since early March.  That is a 41% rally in 3 months.

Now I know we dropped from about 900 down to 667 . . . → Read More: This rally is for real