Employment Data Is Not Getting Better!

Posted on Posted in Daily Blog Post

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One of the important U.S. data ( job data) was released last night. The moment this data is released, gold springs up more than $20. But Dow and SP500 also responded positively due to the perception that The Fed will not taper or at least delay the tapering programme. Mark my word: Stock market sooner or later will crash to pieces if the stocks continue to respond to the Fed-fuelled rally. This is not sustainable if the earnings of the companies do not increase correspondingly. Also be aware that P.E has hit the ‘danger’ zone when normally you would see some panic drop in the stock prices.

Click here to read more http://www.marketwatch.com/story/us-adds-169000-jobs-in-august-july-weaker-2013-09-06?dist=beforebell

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