And the numbers are in - a big miss

NFPD comes in at -95,000 vs an expected -5,000 jobs for September.  The knee jerk reaction was an immediate sell-off, lasting less than a minute, then euphoria, as traders digested the news and realized that worsening unemployment raises the probability of additional Fed intervention in the form of QE2 in November.  Now the euphoria seems to have worn off a bit, and we're back down inside the range we were in prior to the announcement, and appear to be dropping.  Maybe people are finally starting to figure out that additional Fed intervention is not such a good thing after all????  Hmmm.....