It may be time soon to ring the bell for Dow 16,000 — there are reasons
to believe the June stock slump is over and a new leg up is under way,
according to MSN Money.
The June stock washout looks done, and fresh economic data gives reason for optimism, MSN Money noted.
To begin with, last week's jobs report was stronger than expected, with
more than 200,000 positions added even as hourly earnings rose 2
percent. Researchers at Capital Economics "are wondering is this has
become a 'job-full' recovery in a reversal of the fast-growth/slow-jobs
'jobless' recovery we've gotten used to," MSN Money reported.
Labor's share of business income has fallen in recent years, while
corporate profits hit record highs, but that trend should ease now with
good economic benefits in the wings. (more)
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