The last time continuing jobless claims was this low, the Nasdaq peaked at the end of the dotcom boom and collapsed over 80% in the next 2 years. So be careful what you crow about…
The ‘best’ continuing jobless claims print since April 2000… tumbling to 1.979 million (well below the 2.024 million expectations)
Despite a slump in industrial production…
Which just happens to coincide with the peak of the Nasdaq…
So this is hardly a leading indicator of awesome times ahead?!
