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SPDR S&P 500 Message Board

  • hedgehog25 hedgehog25 Dec 7, 2012 8:52 AM Flag

    Wow, totally didn't expect that

    Based on the VIX option activity, I felt sure that this report was going to be a stinker. Well, maybe the institutions *thought* it would be and the government fooled them, too!

    This could cancel the bear market.

    (Yeah, yeah, all the underlying problems and threats to the economy are still there, blah blah blah, but that doesn't mean stocks won't keep rallying for a while.)

    Sentiment: Buy

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    • *49K* jobs revised down in the last two months... want to take bets this will be revised down too?
      146K is already a stinker! 80K is ridiculous!

      • 2 Replies to agamemnus_0
      • Lame jobs in retail for the holiday season, nothing more. The real jobs in manufacturing and construction are down! Come January all these seasonal minimum wage jobs will be gone.

      • Yeah, but don't forget the magical "better-than-expected" (by a lot), and the fact that 146K is higher than population growth (although barely) so it means at least employment isn't lagging, and especially the fact that the UE rate dropped .2 when it was expected to rise .2. That's big. I'm surprised as hell, because I've been calling this a bear market for more than a month, but it is what it is.

        This is the SPY message board, not an economic policy forum. I'm here to discuss stocks, and this is going to send stocks rallying, at least to re-test post-crash highs. Whether new highs are set, I think, will depend on next month's report. If that one disappoints and revises this one downward, I bet the S&P will double top. But for now...where's that rally monkey?

        Sentiment: Buy

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