Active traders will be able to take advantage of the negative correlation in gold markets right now and make a play on any kind
of negative economic news.
Looking forward, I expect investors to continue to react positively to
negative economic news out of the eurozone, in line with the classic «bad news good for markets», taking downbeat data as a sign of continued easy money.
What appears to be overlooked by the mountain
of negative economic news is the fact that China's stock market is outperforming.
Much of
the negative economic news seems to be affecting places far beyond Canada's borders, although economists have pegged our nearest neighbour as the culprit.
Negative economic news and stats about sagging retail sales, a hemorrhaging automobile industry, a still - dormant housing market and a general malaise in business, the likes of which this generation has never experienced, were fostering a steep decline in consumer confidence.
It is extremely easy to cave in to the bombardment of
negative economic news and even more negative forecasting.
All
this negative economic news put a pall on 2008 holiday spending, but Black Friday and Cyber Monday sales were, quite surprisingly, both up.
«Despite an avalanche of
negative economic news, recruiters have not seen any signs of executive hiring freezes.
30 Year Fixed Rate Loan at a Cost of One Point: 3.5 % * (APR = 3.73 %) Rates edged slightly better upon
some negative economic news.
The catalyst could be
a negative economic news headline, rumor about a friend who recently sold at a loss, or other personal circumstances or external influences.