308,000 new jobs!

**tsptalk** · 04-02-2004, 12:37 PM

308,000 new jobs! :shock:Huge. Higher revisions to prior reports. 123,000 was projected.

What does this mean?

Good for the economy = good for market.

Interest rate concerns = not great for market, particulary small caps.

Good for republicans = good for markets.

Good for the dollar = not greatfor I fund.

Last report was a big disappointment and the market initially dropped on the news, but rebounded very quickly to have a big day. Next trading day and the days that followed, the indices fell big. Actually the opposite of what the today's comments says.

Watch for swings today. Dow futures shot up over 100 pts right after the announcement, and the Nasdaq futures were up 24 . Remember a couple of days ago I said you sometimes have to step back and see how it unfolds before you act. Might be a good idea.

**Jack** · 04-02-2004, 01:07 PM

I'm in today:

C FUND 39.70%
S FUND 30.03%
I FUND 30.27%

Looks like it will go up, but I wonder what Monday will be like? I am considering moving to G for monday. Any thoughts?

Jack

**tsptalk** · 04-02-2004, 01:31 PM

You've had a good run up over the last week. Might be nice to just sit on them for a while. But I'd hate to see you miss another rally. Big open today but I'm guessing there will be profit taking later today (my guesses haven't been worth much lately).Who knows for Monday? Your call. :?

**Frizz B.** · 04-02-2004, 01:36 PM

I never play the G Fund, either the F or C and I. If the market does well the F Fund usually loses, and if the market is on the down side, the F Fund usually, gains, watch my comments in Allocations, I just started my predictions and will be updating daily on Frizz B Differential Report, Tom, would it be possible to change my account to Frizz B Differential Report, I like that name better.

**Frizz B.** · 04-02-2004, 01:40 PM

The name on the message board is Member Transactions and Returns
not allocations

**tsptalk** · 04-02-2004, 01:56 PM

Change madeFrizzB.

I wish I knew if the market will see a profit taking sell off before the close. I would actually nibble (maybe 25% C) if that were the case. But if we are up all day, I'd stay on the sidelines. Gotta love that noon deadline :X.

By the way, I still don't like the F fund right now.

Tom

**tsptalk** · 04-02-2004, 02:04 PM

Dow is down 50 from it's high this morning. Watching.

**Jack** · 04-02-2004, 03:07 PM

So... Getting close to deadline: Thinking...

40% C
60% S

Jack

**smine** · 04-02-2004, 03:54 PM

Well Dow, Nasdaq and S&P 500are all up; here I go too with C40 S60. Fingers crossed!

**tsptalk** · 04-02-2004, 04:31 PM

I didn't do anything. I'm sitting here in the G fund like a deer caught in the headlights. If we stay up, the overbought/oversold indicators will be screaming overbought. Additionally, we will probably fill the gap open eventually. On the Nasdaq, for example, we have a 31 point gap. It could take days (hopefully) or weeks, but they do usually get filled, unless the market is REALLY strong.

Nasdaq
Thurs. Close: 2,015.01
Friday Open:2,046.05

The market is hanging very tough today. Pretty impressiveso far.

Tom

**puertorico** · 04-02-2004, 04:46 PM

I lost the big busonlastMonday but that

they way it's.I have been there a lot waiting for the bus:shock:

and the bus took another road never showup.

Tom,hope in the next bus stop u get in wich us

ok