288,000 New Jobs

**tsptalk** · 05-07-2004, 01:21 PM

288,000 new jobs in April. Estimates were for 175,000. :shock:

Interest rate futures are now betting a 100% chance for rate hike in June. The stock futures market doesn't like this either and we should open to the down side.

Will buyers step in again at the 1107 area again or are we heading to another step down?Weare due for an oversold rally soon but whether that 1107 area holds could tell us if we are likelyto see more downsidein the weeks ahead.

**tsptalk** · 05-07-2004, 01:27 PM

The good side is sentiment should really take another hit. Hey, trying to find to find a silver lining here. :P

The market actually didn't open quite as weak as futures indicated. Maybe it was sell the rumor (yesterday), buy the news today.

Now the indices areup. :shock: Looks like this worse case surprise was priced in yesterday.

05-07-2004, 01:54 PM

Since I'm 80% in the G fund , I'm considering a small jump back into equities. I think because of the oversold position, I can make a couple of moves now and may be next week, taking a larger positions in the stocks.

I finally got off the F ship and took a another 10% position in the I fund. Will have 20% at end of day.

**GTO1970** · 05-07-2004, 02:36 PM

I just dont understand it!

Investors must be must be using their extra money they would normally beinvesting in the stock market and investing in $2.00 a share for Liquid Gold for the weekend!

GTO

**JerBer** · 05-07-2004, 03:22 PM

That's what I'm going to be doing too GTO at the rate things are going this morning!!

JerBer

**smine** · 05-07-2004, 03:34 PM

What's the plan?

**puertorico** · 05-07-2004, 03:35 PM

288,000 jobs whaooooo ,the market has no feeling,

that's is very good news and nothing happen !

I'M going aboard [G]:shock:REALLY NOT GOOD TIME" ABSOLUTELY"

**smine** · 05-07-2004, 03:40 PM

I'm wishing I did that on WED!

**puertorico** · 05-07-2004, 03:49 PM

lOOK like the market it going to taste march low:shock:

the ball is in the enemys hands !:shock:

-irak:shock:

-fed intersrase:shock:

-march low:shock:

-gas high:shock:

**tsptalk** · 05-07-2004, 03:56 PM

puertorico wrote:

288,000 jobs whaooooo ,the market has no feeling,

that's is very good news and nothing happen !

I'M going aboard [G]:shock:REALLY NOT GOOD TIME" ABSOLUTELY"

Good news for the economy, butit scares the market because of the inevitable interest rate hike. If we saw only 150,000, the Fed may have waited to raise. Now a June hike is all but a certainty

**GTO1970** · 05-07-2004, 04:08 PM

Mr. Greenspan

Please remember its Mother's Day Weekend @}--

"Please" showher you love her and buy her stocks and give her a big Rally this Mother's Day