Sugar High and Then What? I cannot remember a time when I’ve seen such widespread disparity between what is happening in the economy and what is happening in the stock market. We have record layoffs. In a single month, nearly all of the jobs created after the financial crisis disappeared, at least temporarily. The number of first-time claims for unemployment insurance has topped 45 million. Nearly one in four working Americans has lost a job. Given the devastation among weaker companies, it has been estimated that 10-15 million jobs will be lost permanently. If there is any good news, it is that the number of first-time filings has been declining, and the number of individuals who file on a regular basis in order to receive jobless benefits is about half the number of first-time filings. In spite of this, the broader-based S&P 500 Index has already eclipsed 3,100, rebounding over 39% and the tech-heavy NASDAQ Composite has added more than 46%, rising to an all-ti
Investment and economic observations by N. Russell Wayne, CFP, MBA. Mr. Wayne is the president of Sound Asset Management, inc. and former Managing Editor of The Value Line Investment Survey.