Thursday, July 3, 2008

Europe hikes rate,Job loss 62K ..US$ & Futures UP $$$$

We got stream of news from Europe & US....

ECB hikes rate by .25%...

Job loss in US 62,000.....

Job losses revised UP for May....

Unemployment claims UP....

So what IS the effect of all of the above in markets:

US$ UP

Futures UP

Why...????

ECB rate increase was already in the US$ & Markets & Job loss came as expected......

As markets were deeply OVERSOLD.....so we move UP today !!!!

"GREEN IS GOOD"

BLOG does NOT give buy or sell.

Saleem

5 comments:

dslnbull said...

Hi,

SOL is on tear.Confusing??????Averagedown or sell

What do you think ?

dslnbull said...

Hi,

SOL is on tear.Confusing??????Averagedown or sell

What do you think ?

Stocks100 said...

Hi Ds,

I am holding.....

SOL IS the-worst performer in Solar stock.

Do not average down.....

Buy something else which CAN be strong.

Saleem

dslnbull said...

Hi,

I just talked to the company.He said nothing is materialy changed.They are in quite period so can not comment any thing.Everything is fine.

Stocks100 said...

Hi Ds,

Thanks for your effort of talking to SOL management.

SOL tape was horrendous to say the least.....

Hope it changes for the better !!!

Saleem