Archive for September 2, 2011

2011/09/02: QuickPost: The Good, the Bad & the Ugly on US Employment Day… and an Ambush?

September 2, 2011 1 comment

Yes, we know, more cowboy market metaphors… but these are ‘cowboy’ equity markets insofar as the trend evolution is more so a series of showdowns at important technical levels than what can normally be considered orderly trend evolution. So you better be ready to ride the bucking bronco if you want to trade or invest in these conditions, and if you know the right places to look it does make it just a tad less diabolically challenging.

The Good is the fact that there will actually be more people at work than turn up in today’s official figures. The Bad is that the US housing authorities are suing more than a dozen big banks for fraud over the bogus housing boom mortgages that created so much trouble. And the Ugly is what we’ve consistently warned about as many folks have gone back to staring at the economic data: Europe. As to the Ambush, we’ll get to that in just a little bit.

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