on the market today, there is an article entitled "stocks plunge on feeble jobs data"!!!?

Categorized | Article Spinner Q & A's

Posted on26 August 2010. Tags: auto data, credit crunch, data processing, decline, economic downturn, fears, investors, job, jobs, macroeconomic advisers, mktg, payroll, private sector employment, stocks, wall street, wall street expectations

Stocks slumbed Friday on data revealing the first monthly employment decline in four years..heightening in vestors’ fears that the credit crunch has developed into a broader economic downturn. however, the market is clearly worried that the wall strrt [ credit crunch] spread to Main Street. "The bullish case was that overseas strength would create demand for U.S. products, jobs would stay strong and the housing problem contained." but on August’s, the payroll drop was below WAll Street expectations of a 112,000-job increase, even after many investors steeled themselves for a below- forcast hiring number following a tepid report earlier this week on private-sector employment by Auto Data Processing and Macroeconomic Advisers.
What do you guys think about this, and how would you summarize this Article in your own words, by analyzing and discusing it with personnal opinions and do you agree or disagree and whats the format for this as in like writing a NEWS BRIEF!!!! MKTG

4 Responses to “on the market today, there is an article entitled "stocks plunge on feeble jobs data"!!!?”

Yardbird says:

August 26, 2010 at 3:26 am

The "feeble jobs data" has sparked fears of a recession. At this point, it’s still too early to tell if there is a real danger or not. GDP was 4% during the 2nd quarter, which is quite good. There are some indications that the economy is basically healthy. We have to wait until we have more economic data, and until we hear what the Feds are going to do, whether interest rates will be lowered or not. The jobs report is just one piece of data, and there are still a lot of missing puzzle pieces. Personally, I’m holding. After a 10% correction, there’s a lot of upside. Stocks are still historically cheap.
AntDU says:

August 26, 2010 at 3:26 am

This was not a typical below market expectations decrease. The estimate stated +120,000 and the reality was -4,000. If there was, say 60,000 jobs created, the street would not have responded with a 250 drop, maybe a 40 or 50. This was an unreal miss. Cou8ple this with a volitile market already and BAM! Panic strikes!

BTW, I was an owner of TARR @ .94 – I made monday on Friday and a lot of it!
master m says:

August 26, 2010 at 3:26 am

None of this data means much to what is really going on. The underlying fact is that we are in a bull market. Go to http://www.liveonlinestocktrading.com to find out more.
ZORCH says:

August 26, 2010 at 3:26 am

Today it will be said that the market dropped on bad oil news. Tomorrow it will be said that the market rose despite bad oil news. The news flacks have a certain number of TV minutes to fill or a certain number of column inches to fill. So, they will say that whatever happened in the market today is due to something else that happened today. There is really very little actual connection.