Sell the rumor, buy the fact?

Discussion in 'Economics' started by DrPepper, Dec 6, 2008.

  1. After the worst jobs report in decades, the market paradoxically surged. Was this a case of sell the rumor, buy the fact, to be followed by a stock market tumble next week, or a further sign of a market bottom?
  2. Checking my handy dandy quote list:

    "Bear markets end on bad news."

    But then, I also have a fine and dandy quote list. Trading on the jobs report is fine but not dandy.