Jobs Data Prop Up the Action
Despite a very hard reversal to the downside in Europe on the European Central Bank's rate cut news, the U.S. markets are holding up relatively well with small-caps in particular showing good relative strength.
The primarily catalyst seems to be the better-than-expected ADP and weekly unemployment claims reports, which prompted Goldman Sachs to raise its expectations for Friday's jobs report to 125,000 from 75,000. Apparently, the market prefers better jobs data than another QE3 catalyst....163 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
There’s no substitute for a trading floor to get great ideas, so Jim Cramer created a better one at Real Money and blogs there exclusively. We then added legendary hedge fund manager, Doug Kass, with his exclusive Daily Diary and best investing ideas. Staffed with more than 4 dozen investing pros, money managers, journalists and analysts, Real Money Pro gives you a flood of opinions, analysis and actionable trading advice found nowhere else, and allows you to interact directly with each expert.
Already a Subscriber? Please login.