Continuing Jobless Claims Collapse To Lowest Since Right Before DotCom Crash Began

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The last time continuing jobless claims was this low, the Nasdaq peaked at the end of the dotcom boom and collapsed over 80% in the next 2 years. So be careful what you crow about…

The ‘best’ continuing jobless claims print since April 2000… tumbling to 1.979 million (well below the 2.024 million expectations)

 

Despite a slump in industrial production…

Which just happens to coincide with the peak of the Nasdaq…

So this is hardly a leading indicator of awesome times ahead?!

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