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Don't be fooled Into the Hype,U.S. service sector grows, Europe more optimistic, Stocks higher, Dow

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posted on Feb, 5 2013 @ 02:40 PM

U.S. service sector grows, Europe more optimistic


The outlook in Europe was more subdued, though surveys on Tuesday offered evidence that the worst of the downturn in the 17-country euro zone may have passed.

Markit's Eurozone Composite PMI, based on business activity across thousands of companies, and a good gauge of economic growth, rose in January to a 10-month high of 48.6 from 47.2 in December.

Just recently this month we were talking about Europe euro zone was in crush free fall, do not buy into the hype that things are getting better.

Stocks make a U-turn and rise on housing, Europe
Stocks make a U-turn and rise on housing, Europe

The stock market jumped Tuesday following a surge in U.S. home prices and signs of strength in Europe's economy. Strong earnings reports also helped power the gains.

What do we have here? what we have here are more blatant lies by our Western Mainstream News outlets by telling you that everything is alright. Stocks are higher! or the fact that Europe is more optimistic. As AP further claimed. The stock market bounced back Tuesday following a surge in U.S. home prices and signs of strength in Europe’s economy. Strong earnings reports also helped power the gains.

This stock market "surge" came after the lowest trading two days in years since 2007
U.S. Stocks Lower; DJIA Down More Than 100 Points

U.S. stocks lower in starting final day of month

How could magically stocks gain that fast to 14,000? easy the FED is still pumping money into the stocks which why we see a huge surge into the markets today. But please be aware.

Don't be fooled into the Hype that the reasons are higher today because our media claims Europe is recovering the eurozone wobble.

Our MSM is using such catchy phrases to make you believe that Europe is recovering in reality it isn't if you live in Europe you should know better that the EU isn't recovering.

posted on Feb, 5 2013 @ 02:43 PM
All these news articles that are coming out today by claiming that euro zone worries are receding is the same time as Italy,Spain,Greece are still having major issues. As much as the rest of Europe.

"Despite the general plotline being of renewed European concerns, I do not think the broader economic backdrop has changed materially and yesterday's moves were more position-based than fundamental change," Jack Pollard, analyst at Sucden Financial Private Clients, said.

Citing an Financial Private Clients analyst? how very reliable

Yields in Spain and Italy eased after Markit's euro zone composite PMI, which gauges business activity across thousands of companies and is seen as a good gauge of future growth in the currency bloc, hit a 10-month high in January.

Isn't that what they said last year to?

posted on Feb, 5 2013 @ 02:56 PM
I see the problem right in the title. SERVICE sector. If service sector jobs are growing that simply says that job growth is in bottom tier paychecks. Where is growth in sectors that pay well? Simply put it's not there. The USA is quickly becoming a nice place for people from wealthier Nations to visit.

I just returned from Costa Rica, they have had great growth in the service sector. There are more maids and bus boys than ever......

This economy is not looking good, no way to paint it pretty and I refuse to be fooled by positive "service" sector jobs.

posted on Feb, 5 2013 @ 03:06 PM
hey, it's all contrived....we laugh at the reasons given for market "a rumer of the major bank group announced concern over" this or that ....every time....
this time it was a prime minister......"you see, the continental currencies fell due to the PM of Spain being asked to resign"...Rajoy, was his name...

so, if the dow goes to 32,000 and the dollar drops drastically....the media can be all happy and the debt will cost less.....that's what we're thinking these last two years. seeing it, scary....

posted on Feb, 5 2013 @ 04:39 PM

edit on 5-2-2013 by Taupin Desciple because: Grammar

posted on Feb, 6 2013 @ 06:16 PM
EU leaders will meet on Thursday to decide how to finance Europe over the next seven years.
They hope to approve the bloc’s next budget by Friday. Some one trillion euros is at stake.
That’s roughly 250 euros per European taxpayer each year.
The battle will be over those who defend a large agricultural budget and those who simply want ‘less Europe’.
But where to cut and by how much?


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