yardeni. >>> welcome back. outstanding earnings reports which help drive the stock market up today nearly 100 points on the dow. here's brief stats i hope are pertinent to my argument. first, we got the weekly unemployment claims. this is interesting story. they went up for the week. the four week moving average is still beautifully coming down. this is so huge, it is one of the principle leading indicators, there are debates here about automobile seasonal adjustments and what do you know? but the fact of the matter is we've gotten close to 700,000 as we're approaching now 550,000 or thereabouts, as long as the four week movement remain is in tact, the four week moving average remains intact, we're okay, doesn't mean we will not lose jobs in the next jobs report in august, does mean the situation is improving. behind all the profits and improvement and bottoming in housing, improvements in  unemployment claims and rise in capital goods orders and rising leading economic indicators. i want to note a old friend