Will Work For Plasma TV

The U.S. lost 533,000 jobs in November, the worst monthly decline since 1974 and the 5th worst monthly loss in history. The official unemployment rate rose to 6.7%, with unofficial numbers between 10 and 11% (the official number does not include people who have stopped looking for work and does not take into account part-time workers who want full-time work but cannot find it).

The national foreclosure rate rose to 2.9%, with an additional 6.9% of home mortgages delinquent. In short, almost 1 in 10 homes is either late or in foreclosure.

In the face of these two pieces of very bad news, the market shrugged it off and rallied. This has to be seen as a very, very good sign. This is the third time in the last couple of weeks that the market has digested bad news and rallied in the face of it. Does it mean that things have turned around? I doubt it. But, I do think it's the first sign of light at the end of the tunnel.