Initial jobless claims up to 474K on expectations of 410K.
Previous revised up to 431K. Nice recovery we have in progress here. A 64K miss to expectations? The CNBC spin machine deserves some extra pay if they can successfully spin that!
We're sure this will be blamed on the Japan earthquake/ tsunami / nuclear meltdown.
It remains to be seen how long it takes the market to price this into gold and silver as The Bernank has now been given the green light (political cover) for QE3.
-The Doc
