Bernanke believes that the current state of high unemployment and low inflation will persist into 2011. The Fed looks set to further ease the money supply and keep low rates for an extended period of time.
September inflation numbers showed almost no change in the price level of core products and only a 0.1% increase when volatile food and energy prices are included. The tame level of inflation will likely give the Fed further ammunition to embark on a quantitative easing program.
Retail sales headed upward in September gaining 0.6%. Autos, electronics, appliances and Internet sales powered the increase.
today’s new is better than yesterday’s.
the news right now is not a major factor.
since we already know the economic is growing very very slow. It’s the real factor.
if we don’t have any new economic stimulus package, 1120(1200*) can be a start point to short.
if we have, 1120(1200*) will be hold well
2010-10-18 -- very sorry, big typo. 1120 is a bull**** to us. sorry for misleading.
too busy right now. sorry again
Friday, October 15, 2010
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