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The charts, graphs and comments in my Trading Blog represent my technical analysis and observations of a variety of world markets...
* Major World Market Indices * Futures Markets * U.S. Sectors and ETFs * Commodities * U.S. Bonds * Forex

N.B.
* The content in my articles is time-sensitive. Each one shows the date and time (New York ET) that I publish them. By the time you read them, market conditions may be quite different than that which is described in my posts, and upon which my analyses are based at that time.
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Wednesday, November 30, 2011

Liquidity Solved...Unemployment is Not

The markets soared this morning after this news article was released regarding a coordinated action by major central world banks to provide liquidity to the global financial system as a preemptive strike against rising stresses in the banking system: http://www.reuters.com/article/2011/11/30/us-markets-global-idUSTRE7AK01K20111130

In contrast, there was no negative market reaction to today's monthly data release which showed a rise in the European unemployment rate to 10.3% (its highest level in 11 years), as shown in the graph below (provided courtesy of www.forexfactory.com):


The banks are happy...are the citizens?

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