Hi friends,
Today all of us surprised by the numbers of the job market. Jobless rate declines to 7.8% and 114K jobs added.
All seems perfect for USA and QE3 seems working already.
I might be crazy to think that, but how come that right before the elections there is SUCH big difference between the numbers?
Well, maybe that’s the summer period that brings new partial jobs, maybe that’s the fact that many people just gave up of searching for job and they are out of the statistics. And maybe that’s the Chicago boys that do ALL they can to re-elect president Obama…
Anyway, only time will tell what’s correct, but when I look at the charts, I DO NOT like what I see!
And what I see is a potential push up, for a short term period, and then a potential crash that we didn’t see yet. As it looks as for now, this year, instead of end of year rally we will get end of your valley.
I wish all a wonderful weekend
Yours,
Vladimir Ribakov
www.vladimirforexsignals.com
