Detailed market commentary at The Market Ticker
(The Year 2012 In Review)
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|User Info||Employment Report: SUCKS; entered at 2012-09-07 09:14:06|
Registered: 2007-10-30 Land of Tax and Spend
Next month's report will come right in front of the election and if we break the floor that we're sitting on now odds are that the market won't like it one little bit.
Fixed. As Santelli said on CNBS this morning the unemployment rate will be adjusted down to 7.9% by election.
Diane Swonk and the rest of the QE crooners expect more QE to help equities out at the next Fed meeting. The crooners fail to realize they have a fiscal cliff coming up and the fed will probably save whatever QE BS they have until the end of the year. The Fed now realizes each QE has been less effective.
Mark Cuban brought up the matter of HF trading system causing a major crash. All those derivatives could blow up and cause major financial chaos.
The last quarter is when it gets real dicey.