Stockmarket tanking!, page-77

Payrolls come out right in the sweet spot , not so good as to let the markets think the Fed will start tightening any time soon and not so bad as to think the economy is tanking. Previous month's payrolls was revised down to 85K indicating how bad it actually was and confirms to me that 1Q GDP will definitely be revised down to a negative figure. SP500 can't seem to break 2120 and until it does then a correction is still possible.

PBOC cut rates which was definitely on the cards, China slowdown is probably a lot worse than most think but that won't stop their markets rallying on. IG markets say 91% of clients are long China H shares. Which i find funny because 3 months ago there was one or two analysts saying buy Chinese share. Now when the market has rallied almost 100% everyone ( maybe one exception ) who come on CNBC or Bloomberg TV say buy, buy, buy.

Not much data coming out this week. Markets getting very boring. US retail sales and China PMI's due out. Also European and German GDP - which I expect to be very good. Maybe the Greeks can play up big time and provide some excitement.