My pleasure.....
Here's something from AP. This strikes me as very lame and contrived. This is not the sort of thing that fuels sustained rallies, rather more like a quickly patched-together half-baked "explanation" of an unexpected event (Friday's trading). This is the sort of talk that tends to fuel bull trap moves, so I suspect we will see some retail-driven follow-through on Monday. But then, the professionals will take charge.
Also, the Fed has given little or no indication that it will become more aggressive in tightening, and instead has repeatedly said it will adjust rates in a methodical, measured fashion. So there are little fears to be assuaged regarding that. But.... inflation might well become a concern, particularly since oil remains in a solid uptrend.
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biz.yahoo.com
NEW YORK (AP) -- Investors found some reassurance in weak job growth figures Friday, and sent stocks sharply higher on a bet that the numbers will prompt Federal Reserve to be less aggressive in raising interest rates. The Dow Jones industrials climbed more than 120 points as Wall Street had its best week of 2005.
The markets opted for a glass-half-full approach to the Labor Department's job creation report, which showed just 146,000 new jobs last month, far less than the 200,000 expected. December's job gains were revised downward to 133,000 from the 157,000 reported a month ago.
While such a disappointing report has driven stocks lower in the past, the numbers assuaged investors' fears that inflation would become an issue. With the economy growing at a tepid rate, inflation is unlikely to be a factor, and the Fed Reserve's modest stance on raising interest rates would remain unchanged.
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