Financial Markets Shocker, Jobs Are Down and Unemployment's Up
Stock-Markets / Financial Markets 2011 Jul 08, 2011 - 12:45 PM GMTHello traders everywhere, Adam Hewison co-founder of MarketClub just posted his afternoon update for Friday the 8th of July. It was a shocker!
The video is timely, actionable and best of all...FREE!
Here's a brief recap:
The US only created 18,000 jobs and unemployment jumped up to 9.2% - how can we say things are getting better when here we are basically two years after the low in the equity markets with unemployment still stubbornly stuck over 9% and probably going back over 10%.
Folks, there is no "Plan B". This administration has for the past two years declared warfare on business and in particular small businesses the folks who actually create jobs in this country!
It is amazing to me that they could be so blinded with their political philosophy that they have actually forgot that there are real people out of work that need jobs. Small businesses the very people who create 70% of all jobs in America are being punished as the current administration wants to tax them more. How stupid can things get. Oh, they can get pretty stupid.
As mentioned yesterday in the 1 p.m. update the S&P was in thin air and also as cyclic high. We could be seeing the start of a 15 to 20 day correction. We also recommended taking some money off the table in crude oil.
Now let's see how we can protect and make your money grow: http://www.ino.com/info/705/CD3174/&dp=0&l=0&campaignid=9
All the best
Adam Hewison
President, INO.com
Co-creator, MarketClub
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