about today's Employment report

Discussion in 'Trading' started by NY_HOOD, Dec 3, 2010.

  1. trading a report like today is difficult but i must say one thing. lately we had nothing but good economic date and todays dismal employment report was disappointing. that said,don't look for the market to sell off. when you have alot of good reports and one bad one;even though todays employment report carries alot of weight, traders look for the nest report to substantiate todays. if decembers report confirms todays report,then look for at least a 1200 point decline. not in one day of course.
     
  2. We've had months of 9%+ unemployment. There's nothing good about that. [​IMG]