By: Fernando Guzmán Cavero
Today's manufacturing report far exceeded all expectations, with the "rally" , as most analysts call it,the Dow rose more than 200 points , Nasdaq,+ 62.81 and S&P, + 30.96
Leading the increase was Caterpillar, following by Chevron. and the 10 year Treasury note dropped one full point.
August manufacturing index is 56.30 , against July's 55. 00. ( an index above 50 is interpreted as economy in expansion )
China also reports, an increase with no precedent in its economic growth. , next comes Australia - the leading country, for some analyst in today's world "Economic Recovery", reports its second Q in continuing strengthening of the economy growth .
Stocks enjoy best day in eight weeks , read full article:
All this happens amid a deep price descend in the two previous sessions of this week . ACCUMULATION & DISTRIBUTION ORCHESTRATED FROM WITHIN. ?
This Rally, will continue the next days ? or, tomorrow's arguments for, enthusiastic could be that the market was overestimated by Investors, and if a reversal begins, will they lay-on the concept of market forces, in terms of supply and demand instead of critical holes to provide transparent information to all of participants in the markets? Is this suddenly rally, the benchmark of a real recovery? Or is it that jobless figures don't count anymore?.. and the rest of economic indicators don't count anymore. Personally I have serious doubts.