sp'60min
Summary
*US weekly job claims: 336k. Not that the market should be able to make much of that number.
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Well, many are looking for a floor 'any time now', and I'm one of them.
Despite yesterday afternoons somewhat wild swings, market is still due a multi-day ramp..back to the sp'1680s. Of course, those levels are now no longer viable until next week.
*I remain on the sidelines, but seeking to take a long position, but only from the 1635/25 zone.
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Notable movers: HPQ, -7.4%..after earnings.
An interesting..and laughable segment from clown TV, at yesterdays close.
Skip to 5mins for 'taper talk'. and the 'phony economy'.
As ever, Queen Cheerleader is rattled at the notion of QE being reduced, and is playing the 'I don't understand' card.