1. Another chapter from Grimm’s is the jobless number charade but that does not matter in the context that the FED comes under pressure now to adapt to their own hype of better economics which will delay or even delete a QE3 anytime soon and rather bring an sooner end of QE2 on the table.
Submitted by Tyler Durden on 04/01/2011 08:42 -0400
March update: civilian noninstitutional population: 239.0 million; Civillian labor force: 153,406, Employed 139,864, Unemployet 13,542. Americans not in Labor Force: 85,594. Which means that the Labor Force Participation rate continues to be at a 25 year low of 64.2%. And Birth Death adds another 117,000.
2. In any case we will see a retest of the highs and for some even minor new highs throughout April but the next week may be a very difficult one as Mars ingresses into its own sign Aries and will conjunct Uranus this WE which is not good at all as it can bring extreme aggression in a volatile manner and some more disaster next week as it will square Pluto at some point. The New Moon on Monday will be opposite Saturn but also conjunct Jupiter hence a tough new start is due with plenty of challenge ahead. Therefor I expect a trough next week before the rally goes on as some bad news will come from unexpected sources.