Tuesday, August 25, 2009
U.S. employers see hires in year ahead
Yes, this is why stocks like Monster Worldwide (MWW) had Korn-Ferry (KFY) have been rallying strongly. I ownn MWW from lower levels, but it's no too late to buy.
In many ways this recovery and market rally reminds me of 2003 and the "jobless recovery." The stock market had a great year. It was only in mid-2004 when the data started turning positive and by that time all the gains of that move had occurred and it was time to sell.
If you wait and wait and wait for evidence, you're going to miss the move.