Read US economy data last week (below). Frankly, not bad at all. Even TA wise, bearish pattern (my SPX Arc pattern tells 1100's).
US economy is slowly recovering.
My interpretation when reading above yahoo data
PPI gets lower. i.e. no inflation.
Retail Sales: up, better than forecast.
Manufacturing: up, better than forecast.
Initial Claims: lower than forecast. more people have jobs. :(109):
Housing Starts: at faster pace, more people buying house. :(109):
dsp 发表于 2011-11-18 23:24
Stocks do not really follow economy. Per Jim Rogers, stock joins nine of five economic crisis. I c ...
True.
You were asking any news could save market. 反方
I considered the economy news could save market. 正方
stock market unnecessarily follows economy. 反方
improvement of economy eventually will be reflected into stock market. At initial stage of economy recovery, it was often overlooked.正方
US is recovering, though is slowly, but surely recovering.
FED QE3 is coming
ECB QEing as well in sight: http://www.cnbc.com/id/45344815
Seasonality - Bullish, at least until Januanry
狗仔卡
发表于 2011-11-18 11:11 PM
发表于 2011-11-18 11:33 PM
