Leeb's Market Forecast 07-09-12

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We saw a bit more follow-through selling today in stocks, picking up where we left off last Friday following the disappointing jobs report which showed that the economy in June failed to add sufficient enough jobs to absorb the additions to the labor force. Soft economic data our of Japan and weakness in China’s stock market over night, along with Spanish bond yields climbing above 7 percent once again didn’t help matters. By the end of the day the losses were quite minor, although volume was 2-to-1 on the down side.

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