Club Mulgoa

Saturday, October 09, 2010

US Employment figures

They are bad. Yet the stock market in the USA went up! Why? Because the government has to do something positive to get the jobless down.... and business is likely to be the beneficiary. When does a bad figure causes a fall and when does a bad figure causes a rise? That is beyond me. It does not matter as long as the SPI is up (22 points). However, this has no bearing at the end of Monday. The only good thing is the market indices didn't crash :-)

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