Market Watch with Tom Waitt

June_1st_2011.mp3 Unemployment Concerns    On Friday the U.S. Unemployment rate will be released, market pundits and economists have become obsessed with jobless claims and payrolls which have been slow to improve and kept many cautious and negative on equity markets. Despite this stocks measured by S&P 500 have doubled.   Civilian Unemployment Rate (Click For Larger Picture) Nonfarm Payrolls (Click For Larger Picture) It has been over 2 years since the financial crisis hit panic levels. North American equities have recovered the losses by doubling in value from the lows. However not all individuals or mutual funds have recovered their losses. Over the last decade uncertainty and fear has ruled, pundits have caused the markets to climb a wall of worry. Despite record job losses, the housing meltdown, mortgage foreclosures, bank failures, bailouts of the auto industry, Mideast unrest and revolutions, Japanese earthquakes and tsunamis, nuclear meltdowns stocks have doubled