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04.07.10 -Trade Ideas by TradingHighProbability.com

|Includes: COF, PBI, XHB, Energy Select Sector SPDR ETF (XLE)

Ben decided to keep interest rates near zero for an undetermined length of time. It was noted by the report that as the economy improves there is no need to raise rates because inflation is not at risk.  As CNBC reported that this was good news, I must ask why did the market end up virtually  flat on the day ?

 

This so called recovery will be unsustainable without job creation. Last weeks job report of adding 162,000 jobs fell short by 35,000 and of which was comprised of 100,000 part time census workers. This is not job creation.

Please refer to the “Trade Ideas” section for today’s setups at
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Disclosure: No Positions

Disclosure: No Positions