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Thursday, January 31, 2008

JObLeSS ClaIMS RISe SHARPLY, DOw TONiTE???

Future for DOW is pointing a lower open (Dow future now -134)as sentiment was badly hurt by a sharp rise in jobless claims from 69,000 to 375,000. As a contrary, jobless rate for Q4 in Singapore fell to 1.6%. It seems very hard for US to avoid recession even though FED has tried their best to cut the rate sharply by 1.25%. What else can US do to avoid another turmoil in the market???? Corporate tax rate??? Let's think about it. :)

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