Wednesday, 12 June 2013

A 150 points drop in Dow Jones being wiped out in 2 hours shows Bulllisness still?

Dear Friends,

Today the Dow actually drops by 150 points in the open, following the weak performance of Asia and European indices. However, 2 hours into the opening session, Dow actually clawed back its losses. Now it is just 20 points off.

US market does seems to be bullish still. It does seem that there has not been a correction yet, not with this good comeback. I am still waiting for a weakness in the index. I am still looking at whether the index can drop for 3 consecutive days. On Friday, Non-farm payroll beats the expectations with a actual result of 175k against 167k. This indeed came as a surprise to me and Wallstreet as Wednesday ADP employment figures did look very bad. Wallstreet actually expected a bad result.

In the end, on Friday, Dow climbed 200 plus points. This is the result of a good employment figure. This employment figure actually saves DOW from collapsing. All seems to have shown Dow dropping before the report. In the end, the fundamental report saves the day.

Carrying forward, with today's bullishness in the market, I think the downward spiral momentum has not yet arrived. It might take really something to dent this US market confidence.



·         美国联储局都不看好美国经济? 道琼斯昨晚闭市在 22412 点,涨了 41 点。 昨晚最大的新闻就是联储局的会议。联储局的主席耶伦讲了几样事情: 1)   第一: 联储局保持利率不变 , 但耶伦也表示今年还会加息一次。 这其实和原本的预测一样...