Low Demand for Equities Indicative of Top

U.S. equity markets traded sideway-to-better after the government released a weaker than expected jobs report. The unemployment rate hit also hit a 26-year high at 10.2%. The bears see this report as a sign the economy is worsening. The bulls read it as a chance to continue to demand higher risk because it reduces the likelihood of a Fed rate hike until mid-2010. This means that liquidity will...