August 3rd, 2009 12:06 PM by Eric Fang
Encouraging economic indicators, as well as better than expected corporate earnings, proved to be major factors influencing investors to believe that the economy has already reached its lowest level. Even The Fed's Beige book, a report card on regional economic health, stated that economic decline is slowing. Still, continuously rising unemployment and rising oil prices gave some investors second thoughts on how fast the economy is recovering.
I have some clients got jobs recntly while some other lost jobs. I hope those who just recent lost jobs will focus on job hunting and will get a job soon.