Jobs being created are low skilled jobs. The decent paying jobs still have 2000 resumes being submitted for one job. The "employment situation" number is silly as a result. It doesn't discriminate in this way, so it can be used to say almost anything you want.Quote from wiesman02:
I hope so. I bought some SPY puts 2 mins before close. Unfortunately, I complete forgot tomorrow is non-farm today. big oops for me. Don't like to gamble like that normally. We'll see.
That said, the market hasn't woken up to it, so perception is reality...