http://finance.yahoo.com/mo
This deserves discussion.
For once in my life I am buying the line of Briefing.coms analysts re the market.
They see the bad jobs number as keeping pressure off of interest rates
I repost below ('cause I'm lazy) from a comment I made earlier in a diary:
By any normal standard, this market should be around DJI= 6000, Naz 800.
But the Rich Guys have to put all their new money from tax cuts and outsourcing jobs SOMEWHERE.
Hence the market isn't sensitive to real bad news, only evidence of future interest rate hikes.
And since Al G is gonna stand firm on that, and as the US economy isn't going anywhere fast, the market looks like the best place to be......at least until the massive deficit finally starts hurting Treasuries. But that won't happen as long as the real US economy (based on American employment and consumer spending) is flat.