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33,000 jobs lost. Unemployment rate 4.2%

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https://www.reuters.com/article/us-usa-economy/hurricanes-harvey-irma-sink-u-s-payrolls-in-september-idUSKBN1CB0D3


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The rally continued Thursday with solid gains in most of the major indices, with the Transports being the exceptions as they posted a small loss, as did the I-fund with the dollar moving higher again.. The Dow gained 114-points, or 0.5%, while the Nasdaq led the way with a 0.78% gain.

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There was a noticeable fade in afternoon trading, but that didn't stop many of the major stock indices from closing at record levels once again. The Dow gained another 20-points on the day while the S&P and Nasdaq were also up slightly. No signs of the bears who are either being patient, or non-existent.

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The momentum of the bull market freight train continues to roll, and when it looked like we could see things stalling early on Tuesday, we heard from Warren Buffet who said he does not think that stocks are expensive, and the indices turned around and closed with modest gains. The Dow added 84-points while the S&P, Nasdaq and small caps each added about 0.2%.

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Despite the country mourning the tragic event in Las Vegas, stocks pressed ahead once again with the Dow gaining 153-points. It's tough to bet against the first day of a new new month, especially when the prior month did so well, but be careful in day 2 and 3. Today could be Turnaround Tuesday, but again betting against this market has not been all that wise this year.

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