He might be the Manchurian candidate, a man sent from nefarious dwellings to destroy America from within. Nonetheless, the stock market enjoys the theatre and now people are going back to work, after months of hiatus.
The unemployment rate dropped to 7.7%, adding 236,000 jobs for the month, much greater than expectations. This has translated into lower precious metal prices, crushed yen and higher euro. Futures are up and Obama is smirking, whilst plotting to take away your guns, macaroni and cheese, soda pop and general every day freedoms.
Carl Icahn stepped in and upped his HLF stake to 15.5%, further tightening the screws around Bill Ackman’s head. I love Carl Icahn and hope to God he becomes a vampire, so that he can live forever, immortal, brutally punishing his enemies through financial means.
I intend to make money today on a variety of fronts. I hope you heeded my warnings and listened to the advice of men, such as myself, who are seasoned, experienced in the trends of man–gifted in all things pertaining to finance.
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indeed. Didn’t you know that the market is due to collapse due to mercury retrograde, demark and fib. retracements? Get out the tin foil hats!
Watching the PM stocks in the pre – market.
I would have anticipated a larger drop so it’s worth keeping an eye on them for a day trade.
Also, this could mean the end is near for free $$ by the Fed (as seen by the dollar action thus far). Market needs to discount the pulling away of the punchbowl.
As if the Hubris-o-Meter readings were not enough indication?
😉
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Just want my daily 40.
I agree.
Prediction-Strong open and then fade due to concerns over Fed’s punch bowl being taken away.
Ha! Just read TraderCaddy.
Well if he attempts to take away Mac & Cheese, I’m voting for Sarah Palin next time. F-That !!!
Damn Straight!
1984 (not the book) all over again.
Higher rates, higher dollar, lower stocks after a bull run.
Chips led the way up and will lead the way down.
EXK for a day trade…
love the Icahn bit 😛
Is there enough money sloshing around that PM’s can go up as well as equities or is it one or the other?
Up 35 on the Dow… S & P 1546
was the jobs number withheld?
Many people thought it was the end of the world. Sequesters you know. A surprise to the upside is always good. We should still remember to take these numbers with a grain of salt. While new jobs increased by 236,000 there the overall workforce dropped by 130,000. Remember also that “new jobs” includes all part time and temporary hiring.That being said, this is certifiably good news that seem to indicate a positive trend.