The Pitch – Do you think the economic rally has stalled?

Nov 10, 2009 1 Comment by Jennifer McClelland

Economy

Do you think the rally has stalled?

Question:

The stock market really hasn’t moved too much one way or another for a few weeks. Do you think that the economic rally has stalled?

Answer:

I think that it has stalled for now, but that could be due to the poor reports coming out about unemployment. If you look at other factors such as retail sales (which were up for the past month) then the economy is doing a bit better in the way of consumer spending.

I think over the next few months, the rally will continue but it will be more gradual.

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Jennifer McClelland

About the author

Jennifer is a quirky, opinionated marketing communications graduate with an emphasis in broadcast journalism and public relations. She spends her free time catching up on the latest news, politics, and world events. Her hobbies include cooking, shopping, surfing the net(while listening to the TV), and hanging out with friends.

One Response to “The Pitch – Do you think the economic rally has stalled?”

  1. Eureka@Deed of trust says:
    November 11, 2009 at 1:13 am

    The only way to draw any conclusions is to follow the current spending season of this year end; what are the major corporations reporting, is it indicative of any improvement or not, etc.

    With latest figures showing a 10% jobless rate in the US, I would guess that the answer will not be that encouraging.

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