|US key figures Jan. 28. 2000|
|- Employment Cost -|
|Andrew J. Bevan, QHP, DMS Astrol.|
|THIS IS THE SORT
OF CHART IT TAKES TO TOPPLE A MARKET!
US key figures, employment costs, were to be released at 13.30 GMT on Jan 28. 2000. The Moon is in the sign of her detriment and applying to an almost exact opposition of Saturn. There can be no doubt that the market response to the figures will be negative. These gave evidence a US economy growing faster than expected, thus enforcing a rise of intrest rates at the next Fed. meeting. While there could be no doubt that intrest rates now would be lifted, pessimism followed because of increased fear that rates would be raise by 1/2 basis point and not only 1/4.
European markets turned 3% off their highs and the DJIA closed down 288 points, or 2,6 %. The Nasdaq closed down 152 points or 3,7%.
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