US payrolls could confirm recovery. Growth in Asia and Europe to support recent rally.

Tonight key number from US.  I have attached the article here for your reading pleasure.

Economic Outlook Payrolls could see first gain since 2007 Last Update: 4:42 PM ET Jan 7, 2010 Has the long drought finally ended? It’s possible that, in December, the U.S. economy created more jobs than it lost for the first time in nearly two years, according to the Labor Deparment report due out Friday morning. ...Read the rest of the story

Market expectation is for a better job number to confirm the recovery in the US but number is not expected to be huge enough for FED to raise rate in the near term...which is positive for the global stock market.

In any case, while attention is still focus on the US market, the truth is that economy in Asia and now Europe  could be on a speedier rebound than expected. While some are still skeptical on the economic rebound based on the fact that the US is still the largest consumption market in the world, I believe that 4Q09 and 1Q10 results should be positive and would continue to provide the underlying support for the recent market rally.

There will definitely be some market correction after the recent gain, but any such correction is likely to be limited and should be seen as opportunity for market entry.

So yes, I am still bullish on the market...for those who has been asking me.

This are my personal opinion.
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