'Better than expected' Non-Farm Payrolls number, but meaningless in itself, except as another data point in a weak recovery and a sideways trend in jobs after an initial recovery from a horrendous loss of employment a few years ago.
But today's rally did provide the jokers an excuse to rally the markets and hammer those who took shorts ahead of the number expecting something worse.
This market is heavy with technical action and being hollowed out by lack of genuine investor participation. It will end badly, and everyone will be surprised. The only question is how many times Ben will feed it with monetary subsidies.
See you Sunday evening.
