I find this surprising if you consider it in the context of the largest per cent move off a Recessionary low should be a sign things are getting better.
US Consumers need to pay down debt, consume less, world economies need them to go back to their wanton ways. Can the Asian Consumer pick up the ball for US?
I can't see how, they manufacture what we consume, unless they have had change of heart?
A very important FED meeting climaxes oN WED at 2 PM, and the mnay will DISECT every word and the main question is will they signal END to their QE? Would they flat out if they thought it would imperil the rally from MArch? stay tuned.
US $ firming a bit in overnight trading, what is the path of least resistance for the stock market at this juncture?
Go right after the 50% area of entire losses from Bear? or take a breather first? Can the US $ stage an unlikely rally? stay tuned.
Here are some CNN headlines links should be live.....in their HO....FED not likely to signal END of QE....only thing that matters? how the mkt reacts....
Fed not acting like there's a recovery 5:28am: The economy is showing signs that it is emerging out of a deep recession, but don't expect the Fed to change course when it meets this week. More
Now the Fed wants to tame risk. Puh-leeze.
Summers: More regulation needed
Now the Fed wants to tame risk. Puh-leeze.
Summers: More regulation needed
D
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