Dow Average Rises to Record as Jobless Claims Decline – Bloomberg 03-07-13

Salient to Investors:

Robert Lutts at Cabot Money Mgmt the underlying support for the labor market is driven by housing and potentially construction finally returning. Lutts said QE and lower interest rates are finally having an impact as signalled by the stock market.

Troy Logan at Warren Financial Service said employment has stabilized – key is that high unemployment and underemployment is not getting worse.

Brian Belski at BMO Capital Markets said people are still in the bunker and not really believing the market yet – when they realize they’re losing money for several months in a row, they’ll see the positive returns in stocks and return.

Read the full article at http://www.bloomberg.com/news/2013-03-07/u-s-stock-futures-little-changed-before-jobless-report.html

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