Home > Recruiting > Random Thoughts On Recruiting – The Market

Random Thoughts On Recruiting – The Market

I follow the stock market every day.  Not for investment purposes necessarily, but for information.  People like to predict the market.  It’s natural.  However, the market is difficult to predict, but it is perfect as a predictor.

The market is the ultimate leading indicator because it involves a lot of money and very serious money.  The market doesn’t pay attention to what people say in the end, it goes in the correct direction because those that are playing with serious money want to be in when things are good and out when things are bad.  They don’t care what people say or want.  They can’t afford to trust that.

So what we get is the best leading indicator possible and if we can divorce ourselves from the desire to predict it, we can use the information to understand what is going on out there.  Now business conditions have been difficult and not very encouraging lately, at least from what I’ve seen.  However, the market is telling us a different story.  If I had to predict the market, I would have it much lower at this point and heading in that direction.  However, up over 200 points today, it continues to move up recently. 

If that continues, we should be seeing better business conditions.  We’re not feeling it now, but the market doesn’t lie.  I’ll be watching to see where it heads from here.

Todd Kmiec

Todd Kmiec and Associates


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