Hi guys. Hey E let me give you a little general FA as well so...

Hi guys.
Hey E let me give you a little general FA as well so you just don't think I love drawing pretty pictures with crayons :-)and make no mistake general FA on markets affects PNA.

Here we go.. There no two ways about it IMO we are riding the US wave. While I believe we will go higher (because the US will go higher still) the higher we go the more concern I do become.

I don't like the all of the hyped up talk coming out of the US. The fact that that their economy may not be going straight to hell is no excuse for them to put some of the silly spins they are all on about. Has anyone got a job there that is not tired in the world of finance there, there huge bailed out banks, or the propaganda wind mill. Their 10% or so unemployment rate is so fugged I laugh every time I read it. Last night US Non farm payrolls reports that only 85,000 lost jobs, when you taking such a small sample of the total work force, and they come out with hype like that. hahahahah lets just say "only in America" personally I can't see unemployment rate improving in 2010 they have a huge work force over there and each month new people start looking for work. It is my understanding that's about 140,000 people or so each month. The mighty US has to make 140k in new jobs each month just to stay at the same high rate of unemployment of there claimed 10% cough cough.

But hey while the spin mill keeps tell all over there people with bank deposits are earning nearly zero interest. Zero interest also helping to underpin there market. Step up all there huge profits to be made in the market, the SP500 is up about 65% to 70% etc.

Funny how they leave out, its up that much from the hell hole bottom it got to of 667 points or so on the 9th March 2009.

But its the weekend all, we drink again.. IMO the up wave so far is still in tack and I feel we'll see higher ground. As always if your choice is to be in the market have a strategy in place so sleeping at night remains easier. We can still have lots of fun with the up side, while we are also taking care.

DYOR please.

Regards
Mx

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