Market is not efficient, it is not perfect discounting mechanism market is mechanism for enrichment doesn't matter if this event was anticipated - market could react either way although give it some time. lack of liquidity injections will be felt pretty soon
No stopping this market, maybe someone knows something about the job numbers being better this Friday! Not a single pullback in almost 2 weeks! S&P FUT 1338.50 2.70 +0.20% DOW FUT 12593.00 24.00 +0.19% NAS FUT 2380.75 5.50 +0.23% OIL 97.22 0.57 +0.59%
This is a great buying opportunity at 1338.5. Of course there will be volatility, but it will be higher by end of the month.
No stopping this market, looking at Fridays jobs numbers, they took them down so much, 80k, I dont think it will be hard for job numbers to come well beyond that number at 100k+ Should push the SPX to 1370+ and to new 2011 highs! Even if job numbers come in at 160k its still pathetic because the economy needs 250,000 jobs being creating a month to just help the incoming new labor force.
Why wait for 1370 when you can buy 1340 and get risk free returns all the way up to 1370+ S&P FUT 1341.90 6.10 +0.46% DOW FUT 12621.00 52.00 +0.41% NAS FUT 2387.00 11.75 +0.49% OIL 97.36 0.71 +0.73%
I say wait for 2007 highs to get long....market will only go even higher once it breaks those highs! So forget 1340 and forget 1370!