Where are the jobs?

Where are the jobs?

Friends After yesterday’s fireworks, provided mainly by ECB President Mario Draghi, traders came to work this morning prepared for the government jobs report. Knowing that President Obama knew this number yesterday (and he sure looked a little deflated last night...

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Where are the jobs?

A Double Shot! New Highs!

Friends The bears took a double punch to the gut this morning, as the markets got both decent domestic economic news and a bazooka from the ECB. First, we’ll discuss the ECB news. ECB President Mario Draghi announced this morning an “unlimited” government bond buying...

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Where are the jobs?

Quiet Anticipation

Friends Traders were very indecisive today, as stocks simply drifted from positive to negative territory all day long. It seemed that no one wanted to step in front of what might occur over the next several days. Remember, we should get some direction as to what Mr....

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Where are the jobs?

A Monday-Like Tuesday

Friends Today was the first day of trading for the often treacherous month of September, and other than a handful of stocks including Apple, traders were in a selling mood as the session began. By the time we got the ISM Manufacturing report (which was again...

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