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Job Reports: Why Friday Could Be A Significant Market Day
Another big day for Wall Street looms this Friday.
Being the first Friday of the month, we’ll get the latest monthly unemployment reading from the Department of Labor – a release that always has Messrs. Rick Santelli and his fellow TV cronies breathlessly awaiting it, before launching into a hyperbolic waffle-fest about what it all means.
All monthly job reports are significant, of course. But this one could be more so because it will be a test of the stock market’s recent strength.
As we’ve argued here before, the speed and power of the current rally, while impressive,…
8May2009 | Smart Profits Report | 1 comment | Continued
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