Dow Reaction To Jobs Numbers

[wiesman02]

Quote from stock_trad3r:

the market almost never sells off on econ data. The last time there was heavy selling on job loss was way back in 2007 when the unemployment rate went to 6.1%. bad numbers are already priced in so market will most likely surge 250 or more points easily. As usual, most those gains will be made in the final 30 minutes.

Wrong again. DOes it suck being this wrong all the time ?

June #'s went from 4.7 - 5.1%. Completely unexpected, market down 400 points. This was before the insane volatility we were having.

I remember this day quite well. Shorted right when i heard the #'s at like 8:30:20 or something like that. Held for about 45 seconds and made 10 points, and went to go play golf. lol.

 

[stock_trad3r]

Quote from wiesman02:

Wrong again. DOes it suck being this wrong all the time ?

June #'s went from 4.7 - 5.1%. Completely unexpected, market down 400 points. This was before the insane volatility we were having.

um that as a long time ago. Odds are the market tends to either be flat or go higher on jobs numbers. If the job losses aren't as bad as anticipated or inline, your better have your stop ready, but it won't matter.

 

[BadCo]

Quote from stock_trad3r:

the market almost never sells off on econ data. The last time there was heavy selling on job loss was way back in 2007 when the unemployment rate went to 6.1%. bad numbers are already priced in so market will most likely surge 250 or more points easily. As usual, most those gains will be made in the final 30 minutes.

Unemployment never went higher than 5% in 2007

http://data.bls.gov/PDQ/servlet/SurveyOutputServlet?data_tool=latest_numbers&series_id=LNS14000000

 

[mister_doodi]

Quote from stock_trad3r:

the market almost never sells off on econ data. The last time there was heavy selling on job loss was way back in 2007 when the unemployment rate went to 6.1%. bad numbers are already priced in so market will most likely surge 250 or more points easily. As usual, most those gains will be made in the final 30 minutes.

What about in October, dow down 300 in the final 30 minutes. You lie so much it's insane.

 

[stock_trad3r]

Quote from mister_doodi:

What about in October, dow down 300 in the final 30 minutes. You lie so much it's insane.

of what year? date? care 2 b more specific?

futures surging..setting up for a 300 point rally tomorrow at least. Markets open up 250 points, end the day up 500 points??

Dow 8,442.00 40.00 0.48
S&P 500 851.50 4.00 0.47
NASDAQ 100 1,136.75 1.75 0.15

Also, tons of web 2.0 news..the internet economy is surging. Facebook, google,myspace,youtube, twitter , techcrunch reporting record traffic & revenue. A .3% rise in unemployment is economically insignificant . Keep in mind historically unemployment fluctuates between 4-6%.

 

[BadCo]

Quote from mister_doodi:

What about in October, dow down 300 in the final 30 minutes. You lie so much it's insane.

That's what trolls and touts do. Unfortunately, this board tolerates this crap.

 

[mister_doodi]

Quote from stock_trad3r:

of what year? date? care 2 b more specific?

Date? Date?? Look at the title of the thread. ^^ did you see it? make sure you look again and make the connection. Did you make it yet? Sure you dident, we are talking about jobs numbers. And when does jobs numbers come out ST? *Crickets crickets*

First friday of each month. Now go to your intraday chart on your farking underfunded zecco account and look up Oct 3 2008.

 

[MrDODGE]

Quote from mister_doodi:

Date? Date?? Look at the title of the thread. ^^ did you see it? make sure you look again and make the connection. Did you make it yet? Sure you dident, we are talking about jobs numbers. And when does jobs numbers come out ST? *Crickets crickets*

First friday of each month. Now go to your intraday chart on your farking underfunded zecco account and look up Oct 3 2008.

The man has a point

ZING!

 

[ByLoSellHi]

Tomorrow is different.

If the job data is very bad, we will see a very bad day, as it will serve as incontrovertible proof that the economy is weakening at an accelerating clip, and defy those still daring to construct a 'short & shallow' recession scenario (which would allow for allocation into equities now).

IMO.

 

[Happy Hopping]

Quote from MrDODGE:

Where do you think the Dow will end the trading session after the big jobs number is announced tomorrow?

did you listen to those mutual/hedge fund manager in the past few days at CNBC when they talk about this upcoming job report? It's like they are going to the gas chamber, you should see their face.

I'll guessing Dow will have an intraday low of -700 pt. or so. Because we are on the high side, 8376, so losing -700 is nothing nowadays.

We'll going to puncture thru 7400 next week, probably rebounce at 6600 to 6800.