Take a look at the chart below that has been pulled directly off the St Louis federal reserve website and draw your own conclusion.
My thoughts: The chart is a technicians dream as far as pointing to a bottom in unemployment and we all know what follows that (recession). To you bulls out there, how much lower can unemployment realistically go? Sure there maybe a little steam due to lower than normal labor force participation but how much longer do you honestly see this market going up??
Submitted January 12, 2017 at 06:00PM by civic19s http://ift.tt/2jcLDKw
