A funny thing happened on the way to the NYSE trading floor. The United States had its worse two-month job loss since 2001. A sign of an impending recession? Perhaps one that has already begun? No, apparently. Not according to equity traders, at least, who are, in the words of the NYTimes, "not letting a barrage of grim economic news get them down."
http://www.nytimes.com/2008/11/08/business/08markets.html?hp
Awwww. Well isn't that nice? The economy may suck shit, but the equity values of the companies that operate in that economy are rising because if they didn't traders would be sad. :( :( :( And we've all seen enough photos of distressed traders to know what an awful tragedy that would be. (At least I have, but if you just can't ever get enough then I recommend this blog: http://sadguysontradingfloors.tumblr.com/)
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