A sharp jump in "productivity" (apparently, it is the biggest surge in two years) lifted stocks Tuesday. So, people have been working real hard in US, I guess :-)
The real boost came from Labor Department's announcement that the nation's productivity rose 4.7 percent over the summer and Investors welcomed this with a great enthusiasm, inturn driving up the market.
But behold before you make that jump into the stock market. Read on..
The real boost came from Labor Department's announcement that the nation's productivity rose 4.7 percent over the summer and Investors welcomed this with a great enthusiasm, inturn driving up the market.
But behold before you make that jump into the stock market. Read on..
"There's still an element of the self-fulfilling prophecy here, in that you're seeing people jump into a rally just because it's the end of the year and we're supposed to have a rally," said Chris Johnson, manager of quantitative analysis at Schaeffer's Investment Research. "I wouldn't be surprised if we're lollygagging around here until the end of the year."The market followed a pattern it has repeated many times since its October low: Gains early in the day were eroded by sharp selling before the close. ;-) So watch your step.


