Yes it did rise, US stocks rose for the week.
Highest since 2008 closing at 1437.92 Friday. The highest was 1565.15 in 9th Oct 2007 for the last five years. Sentiment was on the assumption that Federal Reserve will again pump prime the economy with another stimulus package. On also another fact that ECU has announce a bond-buying plan has lead to a rise in also Asian markets, Hangseng, Shanghai, etc.
US payrolls rose 96,000 jobs, short of the projected numbers of 130,000 growth. However, the unemploment rates fell to a 8.1%.
Sentiments a notch up, improved?
We will see if the 3QRT GDP numbers from EU, US, Japan and the much watch nation China, will hit a point whereby the 4QRT is given an anvenue for an uptrend into 2013.
We will see if the 3QRT GDP numbers from EU, US, Japan and the much watch nation China, will hit a point whereby the 4QRT is given an anvenue for an uptrend into 2013.
Or is the worst over, again when "others are fearful, we be come greedy, and when others be come greedy, we become fearful!"
Cherrio and till then.
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