May 4, 2012

Another Disappointing Jobs Number

The market is down hard today after this morning's disappointing jobs report.  Currently the S&P500 seems to be holding at 1370, but it also paused earlier this morning at 1375, moved back up, and then reversed right back lower to its current 1370 level.  I am considering putting long money to work here (SPY vertical spreads), but will wait to see if this is another fakeout like what happened between 10:30 - 11AM.

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