NEW YORK (CNNMoney) -- U.S. stocks rallied Friday, as investors cheered a much stronger-than-expected jobs report.The Dow Jones industrial average (INDU) gained 143 points, or 1.1%, the S&P 500 (SPX) added 17 points, or 1.3%, and the Nasdaq composite (COMP) increased 42 points, or 1.5%.
Beginning of the end of the recession?
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no way, jobs number was largely due to people dropping out of labor force. And you can't draw conclusions about the economy from the stock market- the stock market is a shit show and rarely reflects the true underlying fundamentals of our economy.
I'm SHORT all US indices here.
I won't short yet... Waiting till all the news is out.
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