Friday, June 1, 2012

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A weak Labor Department jobs report sent U. S. stocks below their long-term moving averages this morning. The report showed 69,000 jobs created in May, well below consensus expectations of 150,000 jobs being added. The unemployment rate crept up from 8.1 to 8.2 percent. The job numbers reported in the ...

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David Herro, chief investment officer at Harris Associates and manager of the Oakmark International Fund, was interviewed on Bloomberg and remarked about the attitudes that provide investment opportunities. Specifically, Herro commented on one of the most hated sectors, European financials, which he doesn’t believe will be “trashed for generations,” despite ...

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