Market Analysis with Jim Lowell

Title: Market Analysis with Jim Lowell

Published: Fri, 6 Nov 2009

Description: (NECN) - Despite the increase in the nation's unemployment rate, investors found some positives in the market today, and stocks finished with modest gains. The Dow Jones industrial average closed at 10,023-- gaining 17 points. The Nasda...

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Automatically Generated Transcript (may not be 100% accurate)

" If I increase in the nation's unemployment rate investors found some positives in the market and stocks finished with modest gains. Let's take a look at the final numbers the Dow was up. It closed at 10023. Up seventeen points the Nasdaq Composite was up. It closed at 2112 picking up about seven points the S&P 500 ended at 1069. Up more than two regionally Bloomberg's new England's index up three quarters of appoints New England tech stock index. It was up one. Ever go to mark."

" Analysis tonight with Jim -- chief investment strategist at adviser investments and editor. A fidelity investor dot com welcome Jim that if future. Well how do you find some positives for the market in this surprisingly weak jobs report."

" I'll give you three straws the first -- that the temporary hiring in that jobs report actually picked up a little bit. And the street basically view is that temporary workers as a precursor to potentially employed full time workers down the road. Secondly we got some upgrades for both G from Oppenheimer and Macy's. From JPMorgan. Suggesting. To the economy that those two bellwethers. G global economy global markets Macy's. Consumer activity. Are not simply not down on the campus for a -- we need to get back up enough to upgrade those stocks so. With those -- draws the mark was able to -- a little bit of a flame today but this is a market that's going to be fighting. Significant head -- not the least of them. Will be an unemployment rate that I think -- push past 11%. As early as February of next year. Wow so. It shows how weak the economy really is although it is still growing. It is interesting but what we look at that GDP number that -- 3.5 percent economic growth rate in in the last quarter. If you took away the stimulus activity especially cash for clunkers. You could take away almost two full percentage points of that number so it's a fragile recovery -- best. And with the government spending really running an unprecedented course we've got to remember that whenever the government. Spends -- extends things like unemployment. Unemployment lines or extends into the housing market consumer credit. The reality is they can't land without borrowing and their foreign borrowing will be for all of us higher taxes down the road that too. Cuts against the grain of an economic recovery. -- you directed did some analysts are saying that the worst is behind this -- you great I hope it's behind us we certainly have seen some fundamental evidence of at least we have. Been on the road of stable towards stabilization. I hope we don't get you reopen that -- the single biggest threat. To this economy is the current cure for the stimulus activity. Really is unprecedented in scope and scale we won't know until this time next year whether or not it's been successful not much to look forward to in terms of economic reports next week -- it's a very light week have really one of the latest weeks both for economic hamper earnings reports or event driven is we'll definitely. Push the market step back and forth of volatility is definitely. On the increase. Fears of a decrease back in just a little bit. That's not unhealthy given that most major averages are up 60% plus have -- march."

" All right thank you Jim Jim Rosen chief investment strategist and adviser investments and the editor of fidelity investor dot com have a good weekend. --"

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