Global PMIs confirmed the global economy is hovering just above recession territory. Our economy being the strongest and most hopeful took it on the chin with horrible employment data today. As a result we sold off just below the 200 day ma and await some sort of hopium call from central banks this weekend.
Gold spiked on the bad news and treasuries saw new rock bottom low yields.
DOW DOWN 280
S&P DOWN 32
NASDAQ DOWN 79
OIL DOWN $3.25
GOLD UP $59
[youtube:http://www.youtube.com/watch?v=AmzaITUHYMg 450 300]
