"Suckers" Rally - the sequel

So, yesterday, the market rallied because the auto-sales were worst than possibly imaginable:
Chrysler -36%
Ford -28%
Toyota -21%
GM -18%
Honda +1.1% (is this figure true???)

These figure are scary, but they are a good reason to buy the bad news right?

And today, the market is ready to rally, even if the employment figures came way below what the market was expecting:
ADP Employment report as per Yahoo Finance:
June: -79k where the market was expecting -20k
May has be revised to +25k where previously reported as +40k

And then we hear that markets are supposed to be efficient :-)

No comments: