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MineralMan

(146,284 posts) Fri Sep 7, 2012, 04:00 PM Sep 2012

Dow Ignored Today's Job Figures

The Dow will close about where it opened today, ending the week at a multi-year high. The equivocal job figures did not seem to play any role in the market today. Instead optimism about Europe's economies seems to be the major factor. The market just held steady to close out the week. By Monday, something else will influence it. The jobs figures were a wash.

4 replies

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Dow Ignored Today's Job Figures (Original Post) MineralMan Sep 2012 OP

Because investors think the job numbers mean QE3 is imminent... scheming daemons Sep 2012 #1

Exactly.. sendero Sep 2012 #2

A huge jump, actually Panasonic Sep 2012 #4

Could be. MineralMan Sep 2012 #3

scheming daemons

(25,487 posts)

1. Because investors think the job numbers mean QE3 is imminent...

Reply to MineralMan (Original post)

Fri Sep 7, 2012, 04:01 PM

Sep 2012

...and when QE3 comes, the market will shoot way up.

sendero

(28,552 posts)

2. Exactly..

Reply to scheming daemons (Reply #1)

Fri Sep 7, 2012, 04:02 PM

Sep 2012

... and the metals markets think so too, hence gold and silver took a big jump in the last couple of days.

Panasonic

(2,921 posts)

4. A huge jump, actually

Reply to sendero (Reply #2)

Fri Sep 7, 2012, 04:08 PM

Sep 2012

Normally it'll jump around 2-3 dollars a day. But it has jumped a lot in the last two week, about $150 jump from around $1590 to $1735 (at last check)...

The Fed's printing money next week - will take out the year's losses and enter record territory....

MineralMan

(146,284 posts)

3. Could be.

Reply to scheming daemons (Reply #1)

Fri Sep 7, 2012, 04:03 PM

Sep 2012

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