US Job Data

US job data released by labour department beat earlier forecast by experts of 60,000 jobs being added versus fresh data depicting that jobs that added infact are 90,000. This data can make US federal reserve pause in it's rate cut spree. It's very essential for US central banker to hold it's rates so that dollar can be hold steady against Euro, Yen, Canadian Dollar. If he cuts the rates then it might again unleash huge liquidity to riskier assets, which alredy are extreme inflated levels. Also central banks of US and European countries should slow down the level of printing their currency if they want to have financial markets in healthy shape and avoid bursting of equity and commodity bubble in an abrupt manner.

Dow Jones is Down Again Sharply

On August 03,2007 Dow jones fell sharply again by 280 points, thus retracing all the past few days gain in one trading session indicating that worst is not yet over for global equity markets.
To tread cautiously is the name of the game.
Watching carefully the Credit Market in the U.S. will be extremely useful in knowing future course of action by big players like Investment banks, Pension funds, Mutual funds, PE firms, Insurance companies, Hedge funds etc, in the financial markets.