Sept. 7 (Bloomberg) -- The U.S. economy unexpectedly lost jobs in August for the first time in four years, increasing speculation that the Federal Reserve will have to reduce interest rates to counter an economic slowdown.
Bulls got what they wanted, or did they? No bounce even though we will most surely get a rate cut. Maybe it's priced in?
NQ looks headed for its weekly pivot at 1967 (see previous post). Remember that gap close for QQQQ at 48.35.
Bulls got what they wanted, or did they? No bounce even though we will most surely get a rate cut. Maybe it's priced in?
NQ looks headed for its weekly pivot at 1967 (see previous post). Remember that gap close for QQQQ at 48.35.
This entry was posted
on Friday, September 07, 2007 at 9/07/2007 09:19:00 AM.
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