I think a bad jobs number is better for the stock market. It gives the Fed more backing for its QE 2.0 program which is bullish for asset markets. The markets are always forward looking, and we have the FOMC meeting next Tuesday.
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2 comments:
and FOMC is going to buy treasuries....
oh wow...that would solve the debt problems...
hate to disagree OWL but i loaded up on november IWM puts this morning...when SPX was around 1116
will post my exit on your blog
I made decent money on that downleg, but I'm staying mostly long.
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