The latest retrenchment figures in U.S. is only 247,000, much less than the 325,000 expected. As a result, U.S. stock market goes up on 7 Aug 2009 (Friday).

Many analysts seem to confuse 2 things, yes, I agree that the Worst of the Crisis is probably behind us, however, that does not mean that Recovery is here.

Consumption in U.S. constitutes 70% of U.S. economy. With more people getting retrenched, (though there is a trend of fewer people being retrenched over the last few months) but that does not equate to an increase in jobs and employment. And without an improvement in employment rate, U.S. economy cannot recover.

In reccent months, Global stock markets seem to have priced in a "V-shaped" economic recovery. If there is any information that might lead to a question that the recovery might be "W" shape instead, market sentiments can turn (change aversely) very quickly.

Above is just sharing my personal comments and not meant as investment advice.

3 full-day Chinese Seminar on "Unleash Wealth in Your Life" "点醒人生的财富" on 5, 6 and 7 Sep 2009 featuring 4 Renowned Chinese Speakers, including Dennis Ng (吴加万) 与林伟贤.

Special Free Gift: You get Dennis' book "Mastering Your Personal Finance" Retail Price of S$19.90 FREE when you get your tickets from this link: http://www.AsiaSeminarWorkshop.com/101-2.html

At this 3-day Seminar, (on 5, 6 and 7 Sep 2009), you learn how to
1. maximise your potential
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3. how to increase your company's sales and profits exponentially
4. How to be more Creative and Let Creativity and Innovation work for you!
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6. How to plan and manage your finances wisely?
7. How to avoid losing money in investing?
8. the 3 Keys to investing that can reduce your risk and increase your returns!

Welcome to the 103rd Issue of Weekly e-newsletter by www.HousingLoanSG.com This week I like to share with you "Learn How the Rich think to Become Richer!"

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