Posted on 10/08/2010 1:09:41 PM PDT by blam
Markets Forget The Unemployment Data, Every Index Up Over 0.5%
Gregory White
Oct. 8, 2010, 3:06 PM
Markets have forgotten this mornings' disappointing jobs report, and have moved positive as we head into the last hour of trading. The Dow is in line to close above 11,000, though only narrowly.
Dow up 0.51% S&P 500 up 0.53% NASDAQ up 0.67% The real story today is not in equities, it's in commodities. Futures are surging across the market, with food commodities, precious metals, and energy all on board.
From Finviz:
[snip]
(Excerpt) Read more at businessinsider.com ...
Aren't these the moves you'd make if you are anticipating inflation?
Same as the Housing Balloon. It will bust after the election.
Wall Street loves Layoffs. Increased productivity with lower payrolls means higher dividends.
What is the correlation between employment & the markets? Seems like the markets would would like companies keeping costs down in the short term.
not exactly like the housing balloon
Here the guys blowing up the balloon are trying to prop up the party in the White House.
What a joke. I wouldn’t invest my worst enemy’s money in this over-exhuberant stock market. It’s a bubble which we’ll find out all too soon.
Probably has a lot to do with the expectation that the Fed will ease their lending even more. They’ll soon be paying institutions and the US government to take money from them.
Suckers Market - Going as offset the decline in the dollar and the Fed promising never ending bailouts - When it crashes it will be hard.
Betting on republicans running the table in November.
That’s the rationale. I don’t get it. If this were truly a good thing, then zero employment would be cause for a market around 100,000.00.
IMO, this market is one disaster away from 2,000.00.
I know some people who have made back their losses in the last year. If I were them, I’d have that money on the sidelines as soon as I could get it there.
The markets, I think, are looking at a CHANGE in the government. And liking what they see.
Wow, that just smells of manipulation...
Thread winner so far!
The markets are reacting to the coming election results.
I believe you are correct. Wall Street tries to stay ahead of the curve (betting on their guesses), and its a strong guess that the adults will take charge of Congress in January - and as a consequence pull back on this Socialist lunacy... If they appear ineffective - the market will truly crash.
Right now there is a lot of money on the side-line (residing in unstable banks with nonexistent returns) looking for 'any' positive sign to invest. Wall Street is making an early gamble.
A: Will November bring the desired blow-out?
B: Will the new Congress be able to reverse the socialist slide?
took $10k more out of the mkt
11500 some more will come off the table.
Suckers rally, been selling it all the way up/
The fed is buying stocks and manipulating these markets per Rush today.
LLS
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