July 01, 2009
Leading Indicator
NP: Beck, The Information
Looks like Q2 was pretty good for the stock market, going into the black for the first time in a year and a half. Obviously, this isn't the be-all and end-all of economic indicators, but I think it's a big step in the right direction. As I've been saying this to anyone and everyone who asks me how the job search is going, I think we'll see a sort of slingshot effect in retail and employment going into late Q3 when back-to-school and holiday shopping starts to take hold. Coupled with some of the medium- and long-range investments of President Obama's recovery plan, I think all of this should put us on much better economic footing at the outset of 2010.
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