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

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?!