Visiting The Lows... Again...
The Dow's knocking on the door of the Jan lows once again ahead of the Job numbers tomorrow. Ahead of the Job numbers, nobody can give any predictions and there is no such thing as an insider on the job numbers due to the secrecy by which it is handled prior to release. One thing we can be sure... if the job numbers show a recovery in the jobs market, stocks are sure to be positive as well. But what about the recession and the credit turmoil which are still unresolved you ask? Remember, the stock market is a discounting mechanism that is usually 5 to 9 months ahead of the economy. If the recession is expected to end in 9 months time, you can be sure that stocks will rally today.
Labels: fundamental analysis
0 Comments:
Post a Comment
<< Home