from Fund My Mutual Fund
US manufacturing (ISM) will be released thursday morning as the last major data point before tomorrow's employment data. (expectation = 59) Keep in mind this has been the main bright spot in the U.S. economy - unfortunately it now accounts for roughly 13% of GDP and 9% of American employment as we've rushed to get rid of as much mfg capability as possible.
HFT - High Frequency Trading
(Wall Street Journal)
Jeff Engelberg, a trader at Southeastern Asset Management Inc., a Memphis, Tenn., value-investing firm with about $35 billion under management, said high-speed traders are jumping ahead of his firm's trades. "Short-term traders are able to get an instantaneous glimpse into the future" through direct feeds to exchange data, he said, turning the market into "something nearer to a casino."
Sometimes, I am writing more than one post. You may like to check the archives in the right column to ensure you do not miss out on any post.
Here are some charts for you:
My Notes: No matter what the talking heads tell us, the futures is never certain. Wise investments give profitable returns, but do not give your money to people who have only one message: give me your money.