Well, I certainly over-estimated the bulls yesterday. I guess there's only so much buying they can do when the POMO spigot has been turned-off. At any rate, the big gap-up that we saw as a result of the better than expected unemployment report was immediately sold-off at the open, and after 10:30 or so, we basically just chopped around the rest of the day.
Today comes the much anticipated NFPD jobs report at 8:30 EDT, and there has been much speculation in both the blogosphere and mainstream media about what the results will be, and how said results will impact not only the market action today, but what the Fed has planned regarding Quantitative Easing in November. I'll probably post something on QE later this weekend. For now, nothing much to do but wait and see the data.
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