Word: markets
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...same time, Statistics Canada, a government agency, reports that unemployment fell three-tenths of a percentage point to 8.4% in September, the first monthly decline since the beginning of the labor market slump a year ago. According to the report, 31,000 net new jobs were created last month...
...Another reason to think higher stock prices aren't necessarily in the offing: history. Since the market hit a low in March, it has fairly consistently marched higher, occasionally falling back, but rarely by more than a few percentage points at a time. The last time the market has had such a run without a correction of 10% or more was 1933, says Bartels. Momentum, pleasant though it may be, tends not to last for such long stretches...
...course, figuring out when, exactly, this stretch will end, is an exercise in future-predicting most investors would be well advised to sit out. Even the experts are struggling with it. As Sam Stovall, Standard & Poor's chief investment strategist, recently wrote: "The U.S. equity market's advance continues to befuddle those who are waiting for a sizable price decline before putting their money back to work...
...talk about when the market will take its next stumble, but that's probably not the main argument a person should use in deciding whether or not to buy a particular stock...
...Critics, however, were quick to lambast the move as a brutal attack on worker's rights. They charge that Calderón targeted the electricity union for backing his political adversaries and protesting against his free-market policies, and accuse him of seeking only unions that are weak and loyal to the government. The deployment of thousands of riot police to inform his writ underscored such criticism. "The police and military assault on the electricity workers is a serious setback in the precarious democratic life of our country," wrote columnist Luis Hernández Navarro in the daily La Jornada...