flipside21
Registered: May 2011
Posts: 400 |
05-05-12 12:38 PM
I was watching the futures when nfp #s came out. Initially market sold off ~0.3% on the bad numbers, but then it went green as some thought bad employment figures meant more QE. It only stayed green for a few minutes, then gradually selling down again. By the market open, it was gap down ~ 0.5% and all downhill from there, at least for today.
It's difficult to know how markets will react (or ignore) to economic reports in a centrally planned economy. For many months, any bad news was good for stocks, and, of course, good news had driven stocks higher.
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