Futures Higher and should continue higher all weekend while everyone eats chocolate bunnies and hard boiled eggs. Markets giving out more free money next week. Futures up 1/3% right now. NASDAQ futures doing great as well, up 6.5 to 1958. All happy cnbc people are pleased by this number and think the bottom is in and GDP growth will continue to be strong. The crisis is officially over according to 98% of the cnbc contributers. My question is if the markets rallied nearly 90% while the economy lost millions of jobs what will happen when it starts adding millions of jobs?
The hype and spam from the media and gov't has just gotten to the pt of criminal . in the past 100 years for the mkt to rise 90% off the bottom the economy would have to be in its 3rd yr of a boom. for gods sake we added abought 100k real jobs which is just matching population growth and the media is going wild.we've discounted a boom to 2013
Oil jumping a $1.00 a day now and futures skyrocketing again!!! Free money for everyone. Asian markets should easily open higher and close up 1.5%+. *S&P FUT __1179.59__ +5.90 __+0.50% *DOW FUT __10910.00__ +50.00 __+0.46% *NAS FUT __1964.00__ +12.00 __+0.61%
The down leg has started. See you at the bottom of the retreat where you would short, and where I would buy from you to cover my shorts.
Our "great" jobs report is pushing Asia stocks to new levels for 2010. 18 month highs for everyone as liquidity continues to prop up markets around the world. Possible upside for the nikkei is another 1000+ points higher. This is the greatest, quickest recovery in history from the biggest credit crisis in history. Create liquidity, drive the markets higher and create the asset bubbles needed to keep all economies running. Asia Stocks Higher on Upbeat US Jobs Data 1 hr ago - Reuters Asian stock markets kicked off Monday's trading on a upbeat note, after data last week showed U.S. employers created jobs in March at the fastest rate in three years. Japan's stocks hit a fresh 18-month high, and pushing above a 38.2 percent retracement of its slide from a 2007 peak to its 2008 trough. The benchmark Nikkei [ JP;N225_11348.94_ +62.85 (+0.56%) ]rose 0.9 percent to 11,386.13, after climbing as high as 11,408.17, its highest in about 18 months. One possible upside target is a 50 percent retracement of its_ 2007 to 2008 slide lies near 12,650. The broader Topix index rose 0.7 percent to 996.46. Seoul shares opened 0.3 percent higher, led by key exporters such as Samsung Electronics and Hyundai Motor, with positive U.S. march job data boosting sentiment. The Korea Composite Stock Price Index (KOSPI) was up 0.12 percent at 1,725.58 points. Australian markets were closed for the Easter Monday public holiday.