Jobless-Rate Rise Hurts Futures – WSJ.com.

See my post yesterday. I think stages of “recovery” have to take place before there is any improved sentiment among Americans. Yes, things are not getting worse. “Not getting worse” is different than “getting better.” “Not getting worse” is good news. It has to take place before “getting better” can happen.

I recently had lunch with a leading valuation expert and author on business valuation. She said their firm just had it’s second round of layoffs. Theirs, who once considered audits a necessary part of doing business, have cut back.

I think once the second wave of layoffs is over, “not getting worse” will be less frequent and “getting better” will become more frequent.

I put these terms in quotes because, to one person, it means one thing. To another person it means something entirely different. I was fortunate enough to stay with 12 homeless men last night. To them, these terms are a daily challenge.

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4. Buy a business correctly or don’t buy it at all.