re: So another ho-hum day in the stock market....

Based on what? What are you expecting that would qualify as stinking to high heaven?

Based on the action in Treasuries, I'm expecting a weak jobs report. I think some of the rise in Treasury prices is in anticipation of a weak report.

But I could be completely wrong.

Thought the stock market had a down day, check out treasuries.


3 Month 0.01% 0.00 (0.00%)
6 Month 0.00% -0.02 (-100.00%)
2 Year 0.25% -0.07 (-21.88%)
5 Year 1.09% -0.13 (-10.66%)
10 Year 2.40% -0.17 (-6.61%)
30 Year 3.67% -0.17 (-4.43%)

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I really see absolutely no reason why it would continue to fall tomorrow, especially at this clip, other than purely momentum. Even if the unemployment numbers come in terrible, people are pre-conditioned to that now. I'm not saying it won't go down, I just don't see a basis of reasoning for it in the short term, so I wonder why people now have this feeling. Why do you think it will be down tomorrow?

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I believe the chartists would tell you that since SPX has blown through the 1240 support level the next level is 1150. Then again, I am not a chartist/technician, but I certainly can see a 200DMA point being crushed.

Until this global over-indebtedness, massive unemployment, austerity measures effect on GDP and what I would assume is fabrication of many data points out of Europe regarding the ability of the PIIGS to service debt and its factor on European banks then this decline will continue. How about those farcical European bank stress test results? Glad I reduced equity exposure by a huge percentage months ago. This shite is going to take years to work through. I could throw in a "it is what it is" but why bother.

Maybe the politard clowns will wake up and recognize the severity of the challenge of deficit spending/over-indebtedness in a probable anemic GDP environment. I had to say this knowing you hate involving politics in financial forums.

This Tuesday I looked at some TIPS bought back in February and they were up > 27% YTD, that alone says something is extremely F'd.

Maybe the country needs one of these:

The PC Decrapifier

When is the Euro coming down from its perch in La La land?

I just don't see how all of that isn't completely baked in (aside from the chart stuff which I know nothing about) and why all of a sudden it would start having a massive and persistent impact on US markets. Unless of course JT's Kudlow tweet is true and we're getting an Italian bailout out of nowhere tomorrow. That would be understandable.

BP's forward P/E is 5.45 now. Wow

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Good jobs report. Glad I was wrong.

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In the good old days, this report would have been called "weak." Everything is relative, sort of like the women all get better looking when the bar is closing......

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I just don't see how all of that isn't completely baked in (aside from the chart stuff which I know nothing about) and why all of a sudden it would start having a massive and persistent impact on US markets. Unless of course JT's Kudlow tweet is true and we're getting an Italian bailout out of nowhere tomorrow. That would be understandable.

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The squabbling between Berlusconi and the finance minister the past few weeks may lead one to believe the scenario is indeed worse than what has been portrayed, 120 D/GDP isn't going away soon. I gave up on the EMH years ago, news and rumors travel too fast these days.

On the upside, yields on Europe targeted ETFs are looking pretty fat.