Q4 Forecast - AS

1) Auto sales break 10.5 million mark, pointing to a second month of sustained demand after expiration of C4C.
2) Payroll losses will come down to 110,000, while unemployment rate climbs down to 10.2% in November, and 10.1% for end of 2009
3) Retail sales will continue to exceed the YonY comparisons, and GDP growth of 4 % in the last quarter
4) Job creation to begin from Q1 (positive payroll numbers), earlier than expected
5) Equity markets will see the dip
6) Dollar Index will continue to fall to 72
7) New normal