Market poised for a Black Monday?

I think that it's good the market is closed today. Dow futures are down over 100 points, but I think a weekend will allow some of this data to "sink in" so Monday's open may not be that bad (or as bad as it would have been today). Just a mild speedbump in the continuation of the bull market; I am interested to see what companies report for earnings though - that will be the main catalyst going forward I think. Hopefully AA isn't going to report that bad of a number to start things off though....

http://www.marketwatch.com/story/jobs-disappointing-yes-but-not-a-game-…

Check out the bottom of that article

The market's already taken a hit on expectations of a weak jobs report. I think Monday is going to be a weak day for the dollar more than anything else. On the positive side, manufacturing numbers were very strong- it's the service sector that was weak.

We could be down a few percent, but you just don't get 20-30% stock market crashes in a single day during a secular bear market. Those usually happen during secular bulls. Calm down, enjoy the long weekend.

i've been fading the bullshit housing sector pop since early march.

loaded to the gills with april puts.

we don't need no water let the motherfucker burn.

If an 80k miss on NFP is enough to cause a Black Monday then something is seriously wrong with our markets.

Foreign currencies are up today, Europe is up today, oil is up today. I predict the damage will be lighter in commodities. Then again, I am an oil perma-bull.

Credit (EU anyway) consistently leaking higher all week, this morning's print certainly didn't help, not to mention yields blowing out across the curve.

I have a harsh opinion on the S&P or the NASDAQ and its 11 year high, though i am not playing this from the shirt side. I do know, however, this isn't sustainable. A black monday would be wonderful, imo.

im short, so I certainly hope that the market tanks monday although I don't believe the move will be as drastic as some are predicting

I think there will be a fairly large drop. The expectations were not priced in, because the ADP report was encouraging. Then you have Spanish and Italian gvt yields shooting up again and the Fed and ECB not providing any stimulus. I think we will see a 2-3% drop in the DJ on Monday, which will pave the way for a more bearish environment over the next couple of weeks.

Europe is closed on monday so there wont be the full impact that we would see on a normal trading day. Volatility will probably be exaggerated and volumes will be sht.