Dow reaches 4-year high after 'monster' jobs report
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?
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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