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TSP Talk Sentiment Survey results for the week of 10/05/15 - 10/09/15
The TSP Talk Sentiment Survey came in at 39% bulls, 46% bears.
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Stocks completed a wild week with a wild day on Friday after the "disappointing" jobs report - or was it?
Stocks opened precipitously lower on Friday morning after the jobs report came up about 60,000 jobs short of expectations. Within minutes, the Dow was down 260-points and it looked like the rebound off the lows was in jeopardy.
Fast forward 6 hours and the Dow ended the day up 200-points.
The bears put the pressure on early this week but may have left the market oversold allowing buyers an opportunity to get a piece of undervalued stocks. The bulls and the bears battled back and forth forth over next couple of days. A disappointing jobs report had an interesting effect on Friday, initially it pushed the market down sharply at the open, this brought the dip buyer in and traders must have remembered that bad news is good news if it persuades the Fed to keep interest rates low. Buying
September Jobs Report:
142,000 jobs added. Unemployment rate remains 5.1%.
More: U.S. Index Futures Erase Gains After Weaker-Than-Forecast Jobs - Bloomberg Business
It was another peculiar day on Thursday with the futures swinging wildly overnight, and the cash indices continuing that action the day, but overall the bulls were able to hold back the bears who made another attempt to put a hurt on the market.
The futures were up strongly, about 1% in overnight trading. But by the open those gains were muted and the indices were up only modestly. The bears pushed and the Dow was down over 200-points just after noon ET. The