- Jeff Saut of Raymond James doesn't have a sell signal on Dow Theory
- Hasn't broken through signal areas and doesn't see it
- Any correction will be limited to 7 to 10 percent
- Earning better, credit is easing, yield curve in good shape
- Does unemployment matter? Corp profits are leading indicator and they are good
- labor arbitrage back to US
- supply chain in Japan will cause soft spot
- QE3? More easing, should go to housing and employment? No QE3, economy will grow.
- QE3 if weakness continues, but will they call it that? Will support economy
- Is there a second tier econ stat important. No take it in aggregate. Only a soft spot and economy will regear itself.
Al Fin: "Cowboy Commentary", aka "Eat your veggies" The Flag banner is posted in order to defy those who would make patriotic symbols illegal or disreputable.
Tuesday, June 7, 2011
Saut: The Economy is in a Self Sustaining Recovery
video via Yahoo Breakout
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