11am update - today is not the day

Despite unquestionably lame jobs data, the market doesn't care, and the indexes are only a touch lower. The notable action remains in the VIX, -4% in the mid 12s. Considering the red indexes, the red VIX is highly indicative that the market ain't breaking for another few days.


sp'60min

VIX'daily3

Summary

Without question, today is not the day for the bears to start getting involved..not least ahead of a weekend.

For many, its just a case of 'turn off  ya screens..and come back next week'.
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The only notable stock action is in LNKD.

Kinda appropriate, that in the 'new economy', the only real growth is in websites filled with peoples profiles. Thats the economic growth we need, right?

Financial historians in the 22nd century will no doubt fall out of their chairs laughing.