It seems like the administration has put itself in a corner with last months 308,000 number. No matter what number is reported it could be interpreted as being bad for the market. A high number will probably be interpreted again as higher interest rates and further sell off in the bond market and probably in the stock market as well. A low number will mean the economy isn't producing jobs and isn't doing as good as they would like us to believe. The selling today seems to indicate (to me anyway) that some folks wanted to get out of this market ahead of tomorrow. It also looks like Europe and Japan had the same idea. If last months number was massaged for political reasons it could very well come back to haunt the administration. I wonder if a mediocre number could lift the markets (probably temporary since a great earnings season had the net effect of SPX, NASDAQ, and DJIA all lower). Of course a low or mediocre number will put the democrats back in the drivers seat with the whole unemployment thing. It looks like the current administration is between a rock and a hard place. On top of that you can throw in the whole Iraq mess which just seems to get worse every day.

Gary

I could be wrong (probably am, there's no way to know anyway) but it appears we're having a tug of war today between intervention and smart money getting out of the market. How could I miss the obvious. The only way to win was to produce a great jobs report and be ready to support the market if it sells off like last month. Never was any good at chess. To bad there was nobody to rescue Europe and Asia.

Gary

Asia is starting off the week down in the 2-3% range. If Europe follows suit later on tonight, I suspect the markets might be in store for a nasty week.

Gary

Wow, as of about 10:10 PST the Nikkei is down almost 4% and its dropping about 50 points every 2 minutes. Do we have the makings of another 1987 brewing.

Gary

Gary,

Fundamental Truth No. 1 tells me you could be right.

Larry

Well here we go again. 9:30 PST and the Nikkei is down about 300+ points.

Gary

where do do you get this info. on the nikkei?

-ja

Everything looks like it opening sharply lower this AM here as well.
I don't think I'll bet against you today, Gary.
h

Joe,

www.Nasdaq.com has a section Global indexs that shows overseas markets.

Gary