Thursday, February 4, 2010

Update on US Numbers

Initial Jobless Claim:

Previous: 472.00K , Forecast: 455.00K , Actual: 480.00K

Non Farm Productivity:

Previous: 8.10% , Forecast: 6.00% , Actual: 6.20%

Unit Labor Cost:

Previous: -5.20% , Forecast: -2.50% , Actual: -4.40%

I updated you in advanced :)

 

What does this means to You as an Indian Investor. US equities markets are looking for a reason to sell. They been selling on good numbers , they been selling on very good numbers as well. Ofcourse they are going to sell on bad news :) So your shorts are going to gain.. I recommend buying 4700PE in Nifty

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-Member Dhanvarsha Group