It looks like you're using an Ad Blocker.
Please white-list or disable AboveTopSecret.com in your ad-blocking tool.
Thank you.
Some features of ATS will be disabled while you continue to use an ad-blocker.
Originally posted by Rockpuck
The DOW tomorrow imo will all rely on unemployment.. if it's lower then 200k we won't see another major sell off.. if it's higher then 200k we will see yet another continuation of the blood bath.
Employers slashed 240,000 jobs in October
Nation’s unemployment rate jumps to a 14-year high of 6.5 percent
updated 9:10 a.m. PT, Fri., Nov. 7, 2008
WASHINGTON - The nation’s unemployment rate bolted to a 14-year high of 6.5 percent in October as another 240,000 jobs were cut, far worse than economists expected and stark proof the economy is deteriorating at an alarmingly rapid pace.
Dow 8,943.81 +248.02 (+2.85%)
NASDAQ 1,647.40 +38.70 (+2.41%)
S&P 930.99 +26.11 (+2.89%)
Originally posted by burdman30ott6
reply to post by stander
The problem is Rock is thinking and using logic in predicting a huge selloff after absolutely crappy unemployment numbers...
The only predictions so far that have proven to be true is the overall direction of the market is crappy. ('crappy' should become accepted as a legitimate, technically sound financial term as it will be very appropriate to use over the coming weeks, months, dare I say, years.)
Originally posted by venividivici
reply to post by burdman30ott6
I'm relieved that I'm not the only one here at ATS scratching their head.
How the sam heck does the market bounce after those unemployment numbers.
NEW YORK (CNNMoney.com) -- Stocks rallied Friday, with investors using Wall Street's record-breaking slide over the last two sessions as a reason to scoop up battered shares, despite a brutal October jobs report and GM's massive quarterly loss.
Originally posted by Rockpuck
I am glad I can be made a spectacle by Stander though ..