Loading ...President Obama is often giving given market critical information become those of us in the public. Today, while he was flapping his lip, he might have inadvertently (or purposely) let out some market sensitive information. He said. “We are losing half as many jobs as in January”. So, given by what Obama just said and knowing that in January we lost 595K jobs, we can expect around a 300K job loss tomorrow morning. That my friend is very bearish for the market! The talk on the floor is optimistic; a number between 150 and 250K…300K is slightly more bearish than what they want to hear. If that number comes in north of 400K, look out below! […]
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That is what the forecast for the near term. I personally don’t agree that the market should go higher but I do agree that it will go higher, probably to 9,800 ish. The problem is that near term, I don’t see anything that can smack reality into the public of what the real economy is going to do. Peons for the most part cannot think with their own marbles and need others to tell them what the market is going to do. So they will buy high and sell low. […] |
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