These two headlines were published on the same day, April 3rd 2009. The headlines, Dow ends above 8,000 in best 4-week run since 1933 and U.S. jobless rate hits 25-year high, seem to contradict each other. They don’t … not in a current recovery sense, nor at macro level. More about what this means on a macro level in a week or two.
Let’s wait for the 2009Q1 results to come in, and keep the fingers crossed.