There aren't going to be +Xmas effects, are there?

The algorithms of my stock picker are :
【Consumer Real Income→Consumer purchasing power→Consumer Spending→ Companies Orders】→【Stock Price】←【Companies Real Revenue ←Companies Real Profit(EPS)】； Leading Indexes : Red, Lagging Indexes : Black ;

過去、現況及未來：

【unemployment↑→ Consumer Real Income↓→Consumer purchasing power↓→Consumer Spending↓→ Companies Orders↓】→【Stock Price↓】←【Companies Real Revenue↓ ←Companies Real Profit(EPS)↓】；
Leading Indexes : Red, Lagging Indexes : Black ;

1.U.S. unemployment problem is serious , long-standing and continuing deterioration/美國失業問題嚴重，且由來已久、持續惡化(Leading Indexes) ：According to the Labor Department's report：
‧In June alone, employers got rid of 62,000 jobs, bringing total losses so far this year close to a staggering half-million -- 438,000.
‧There were 8.5 million unemployed people as of June, up from 7 million a year earlier.
‧The jobless rate held steady at 5.5 percent after jumping in May by the most in two decades. Still, June's jobless rate was considerably higher than the 4.6 percent of a year ago.
‧The unemployment rate is expected to climb through the rest of this year and top 6 percent early next year.

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2.Unemployment and inflation cause consumers real income and the purchasing power to be bad to worse/失業與通貨膨脹造成消費者實質所得、購買力每下愈況(Leading Indexes)：
‧Consumer spending accounts for more than 2/3 of U.S. economic activity.
‧with more job cuts expected in coming months, there's growing concern that many people will pull back on their spending later this year.
‧U.S. consumers who are out of work or are nervous about losing their job are likely to trim or cut their spending.They've already become cautious because of higher prices of food and energy.
‧U.S. consumers have been monitoring their budgets more carefully in the face of higher energy prices, falling home values and an uncertain jobs climate. The Commerce Department reported Tuesday that retail sales edged up by 0.1 percent in June, a weaker amount than expected, due to plummeting sales at car dealerships.

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3.Companies Orders↓/廠商訂單↓(Leading Indexes)、Real Revenue and profit↓/營收獲利數據↓(Lagging Indexes)持續惡化：
‧中國東莞經貿局最近公布的數據顯示，今年上半年，東莞具規模以上工業利潤與去年同期比下降4.02%，是2001年以來的首次負成長。中國東莞企業在很大程度上倚賴國外訂單，而今年上半年，出現了前所未有的嚴峻形勢。
.....「我們這行業，目前美國發來的訂單只有以前的一半，歐洲和日本的訂單也起碼減少10%。」..........。
導致中國東莞工業利潤負成長的原因包括世界(尤其美國歐洲等)經濟增長放緩、人民幣升值、能源原物料價格不斷漲價。

‧台灣電子業Q2~Q3營收獲利將低於預期:
台灣電子廠商多半屬於第2、3階供應商，當需求下滑時，客戶為了維持經濟規模，就會採取整合供應商方式，如此將衝擊這些第2、3階供應商。此外，需求減緩， 企業外包的情況就更嚴重。這種外包經營模式除了得面臨到弱勢美元帶來的風險，在中國大陸的營運成本、運費等等也會提高，一連串的因素也影響台灣電子業第 2、3季表現。由於成本提高、利潤降低，企業所面臨到的壓力及衝擊越來越明顯，預估今年第2季營收低於預期，第3、4季業績也將持續惡化。

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4.全球股市籠罩在熊市的前沿暴風圈裡，暴跌、大幅振盪不斷(Leading Indexes)：‧U.S. : The Dow Jones industrial average dropped below 11,000 for the first time in nearly two years before settling at 11,100.54 Friday. The blue-chip index ended the week down 1.67 percent; the Standard & Poor's 500 index fell 0.28 percent; and the Nasdaq composite index fell 1.85 percent.
The three indexes are firmly entrenched in bear market territory, down more than 20 percent from their peaks last fall. The average bear market ultimately leads to a drop of about 30 percent.
‧Taiwan : 先行反應基本面的每下愈況，台股相關廠商的股價從去年秋季起就一路往下修正。自新政府上任以來仍然持續下跌，迄今仍未看到止跌訊號 。台股從 520以來，外資累積已賣超台幣2025億元，指數跌 掉2477.65點，跌幅達 26.62%，跌幅居全球股市之冠。

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5.Are there going to be Xmas effects?
Yes, there're going to be Xmas effects, but without the pluses!