The market tumbles and the bear dances (video)

The folks at StockTwits wonder if the bear hasn’t begun its dance in the stock market, which fell sharply after weekly jobless claims surged by 22,000 to 496,000; analysts had expected a jump of just 13,000. In honor of the moment, the prognosticators at the Twitter spinoff put out a link to this black bear doing the funk:

[youtubevid id=”6UeCRY1wciA”]

As for stocks  — it may be premature to call the start of a new bear market based on today’s jobless claims. Bondscoop warned that bad weather and President Day’s weekend would make a hash of the numbers. Still it bears needs watching: The four-week average has risen by 6,000.

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s