US indexes reaching record highs at this time of the year had been a surprise, but is it for real? I write about it at InvestorsPlace.com site in the USA where I have been invited to give expert advice at the 24/7 Trader site.
Check out this article
http://investorplace.com/247trader/how-i-test-the-markets-strength/
Meantime, digesting the jobs and economic news and of course, whether or not there is more “cheap money” to be had (i.e. the Fed’S QE3 continuing). Today’s jobless report is “bad news is good news” as jobless claims increased so I won’t wonder about “trimming” or “tapering” in September as some surveys reveal. Jobs can’t improve that much in 2 months to warrant tapering.
Just give me a reason, another reason why the Fed will taper. But if it’s not jobs, I’m not convinced.
Enjoy PINK “Just Give Me A Reason”
