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Originally Posted by James48843

Originally Posted by blueroadster

Decided to roll the dice. Order for 6k shares of SPXU @ 21.75 has been filled.

This is what we've come to.

Betting on whether tomorrow's dead body count goes up enough to spook the stock market.

Sigh...

So, for the last three weeks, we've all been waiting with baited breath to see what the daily numbers are going to be. The dreaded Coronavirus has arrived, and it's companion, the illness now known as COVID-19 disease, has begun to wrap it's ...

The much weaker than expected jobs report (-701,000) took its toll on stocks on Friday and the Dow, which actually went positive in early trading, drifted lower for most of the day and closed down 361-points despite a late move higher. Small caps lagged, bonds were up, and oil had another big day after the agreed upon cut in production.

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The bears resurfaced this week after resistance, jobs report, and the oil war put a cap on the bull's recovery attempt. Investors had jumped back into stocks the previous week after stimulus was passed by the lawmakers, but that excitement faded as job numbers were being realized and unemployment and jobless numbers were greater than expected. The 701,000 jobs lost in the March jobs report was the first net job loss since 2010 and unemployment jumped to 4.4%. But the staggering realization was that ...

US payrolls drop 701,000 in March, the first jobs decline since 2010

Nonfarm payrolls dropped by 701,000 in March, according to Labor Department numbers released Friday that begin to show the economic damage wrought by the coronavirus crisis.

It was the first decline in payrolls since September 2010.

The unemployment rate rose to 4.4% as employers just began to cut payrolls ahead of social distancing practices that shut down large swaths of the U.S. economy

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Volatility remains high as Thursday's impressive rally regained about about half of Wednesday's bigger losses. We're in a period where 2% moves are minor in comparison to what we've seen, but at least the 9% to 12% moves have backed off. The Dow gained 470-points and a dramatic rally in oil was a major catalyst.

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