did some research this Saturday morning on how the DOW performs after we hit an unemployment peak. This research assumes that November was the unemployment peak, which it certainly may not have been, we will not know for a few months. (It looks to me that 3 months will give us a pretty good idea). Friday’s data was pretty good with previous job loss numbers revised down, work week up and temp employment up.
I had written a piece a few weeks back about called “8 Months = Max time between Market Bottom and Improving Unemployment” in which I stated that 8 months was about the maximum amount of time that a bull run out of a recession can extend without evidence that unemployment was improving. Friday’s number puts us on that time table and if they prove next month to be improved yet again should continue this bull market.more..