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Help Wanted: Wall Street Is Looking for More Hiring

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That's because traders and investors are just plain confused, Polcari says, as bulls and bears try to square the sharp recovery in corporate profits with a mishmash of economic data that's pointing to slower growth. In Polcari's view, the market won't make a decisive move up until those Thursday weekly jobless claims numbers (which are themselves stuck at 450,000 to 500,000) start dropping consistently.

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