More reasons for equity markets to rally

Today, in the news - as usual, bad news causes rallies, everybody should know that:
  • Unemployment in the US rises more than expected. Official unemployment rate hits 5.5% while the unofficial ones from ShadowStats should reach around 13-14%
  • ISM Services contracted, and were way lower than the market expections
  • Gazprom announced that they will increase their prices by 22% (Bloomberg link)
  • They also forecast oil at $250/b soon
Let the rally begin!!!
  • Oh, did I forget to mention that oil hit $147 in London and $146 in the US? It's stabilised at $144 which is another good reason to rally!!

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