EF Hutton

In October, the unemployment rate rose to 10.2 percent, the highest rate since April 1983, and nonfarm payroll employment declined by 190,000. Since the start of the recession, payroll employment has fallen by 7.3 million. Job losses have averaged 188,000 over the past 3 months. The employment-population ratio continued to decline in October, falling to 58.5 percent. Since December 2007, payroll employment has fallen by 7.3 million. Subscribe to EF Hutton via Email Household Survey Data In October, the number of unemployed persons increased by 558,000 to 15.7 million. The unemployment rate rose by 0.4 percentage point to 10.2 percent, the highest rate since ... Read Full Story

In October, the unemployment rate rose to 10.2 percent, the highest rate since April 1983, and nonfarm payroll employment declined by 190,000. Since the start of the recession, payroll employment has fallen by 7.3 million. Job losses have averaged 188,000 over the past 3 months. The employment-population ratio continued to decline in October, falling to 58.5 percent. Since December 2007, payroll employment has fallen by 7.3 million. Subscribe to EF Hutton via Email Household Survey Data In October, the number of unemployed persons increased by 558,000 to 15.7 million. The unemployment rate rose by 0.4 percentage point to 10.2 percent, the highest rate since ... Read Full Story

Federal Reserve Chairman Ben Bernanke discusses the impact of the Fed Balance sheet and the task of unwinding when the economy begins to recover, or if inflation begins to rise. It should be obvious from the chart that this will be a daunting task. I guess you could believe in miracles. My guess is that the best strategy is to get a healthy investment in stocks that will benefit from rising inflation . The large volume of reserve balances outstanding must be monitored carefully, as--if not carefully managed--they could complicate the Fed's task of raising short-term interest rates when the economy begins to recover ... Read Full Story

It is not unusual for the a severely down sloped market to see a sharp two day contra trend rally. We are seeing that right now in the S and P 500. Savvy short term traders should look to sell any rally into the 740-750 range on Wednesday night or Thursday. It is always a good idea to sell after two days up in a downtrend. Remember to limit your risk. The inside day after the bottom, followed by a hook up does warrant some caution. It is possible that we could see an extension of the rally after a short pop down. The ... Read Full Story

Rumors are starting that a couple of mutual funds are in trouble. I can't confirm or deny at the moment. Earlier this week I wrote about the increase in investors calls to both Vanguard and T. Rowe Price. See Investors pull $33 Billion out of Market. When investors get scared, and they can't take it anymore, they often dump all their stocks. A form of the madness of the crowd--they sometimes do this in unison. Imagine 100,000s of investors all pushing the panice button at the same time. There are somewhere in the neighborhood of 88 million investors in the United States. Could we ... Read Full Story