#1 Germany unemployment down to 19 year lows.
#2 Euro decline helps out the biggest exporters in Europe making their products more competitive on the world stage : Germany, France, Spain, Italy.
You won't hear any of this from the fear mongering bears the last 3 straight days.
As I said yesterday :
"with only 1 month left for the end of the Q4, the doomsday guys are out in force today trying their best to get you to sell your shares before the Q4 guidance starts rolling in next week and beyond.
Judging from recent data from Oct. and if the upcoming Nov. data are the same upbeat numbers, many will be hard pressed to sell going into Q4 earnings.
Its no wonder the doomsday guys are out in force today because once the Nov. data starts rolling in, it will be a lot harder to convince people to sell their shares."
November leading economic numbers should point to an acceleration in economic activity for 2011 and as such the bears are out in force before these numbers come out to either get you to sell ahead of them or go short.
Basically trying their hardest to get you on the wrong side of the trade so that they can cover for a profit in this 3 day bear raid.
Whats coming this week that Bears are afraid of?
|Dec 01||10:00||ISM Index|
|Dec 03||08:30||Nonfarm Private Payrolls|