Friday, February 7, 2014

Huge Jobs Miss

Stock futures gyrating wildly 1 hr before market open. US jobs report was released a few minutes ago.

This was an IMMENSE miss from expectations. 180,000 jobs were expected. We got just 113,000. That is a VERY BIG MISS! Wall St was expecting a relatively strong report due to unusually good weather during the reporting week.

This is such a disappointment that it wouldn't surprise me if Wall St rallies stocks on the expectation that now, the Fed will back off its debt purchase taper, and INCREASE the debt monetization instead. Anything could happen! It could be a volatile day!