I'd guess that the respondents to this poll follow the jobs market which is one of the biggest mistakes made my investors. The jobs market is a huge lagging indicator. The ability for companies to regain growth while still cutting jobs creates gains in margins leading to higher profits. Those profits lead to jobs growth. Not the other way around. Nobody hires people until they can make money with what they have.
To us this is yet another bullish sign as investors still aren't convinced that the economy has turned even after the NABE calls the recession over.
|Did the NABE make the right call, is the recession over? * 2139 responses|
Not a Scientific Survey. Results may not total 100% due to rounding.