The Market Welcomes the Jobs Number

 | Jun 07, 2013 | 10:41 AM EDT
  • Comment
  • Print Print
  • Print
Stock quotes in this article:

gild

,

ba

,

utx

,

hd

Right back to the generals. Right back to biotech -- Gilead (GILD), Celgene (CELG), Biogen Idec (BIIB) and Regeneron (REGN). Right back to aerospace, meaning Boeing (BA) and United Technologies (UTX). Right back to Home Depot (HD).

It's like nothing ever happened.

Rates?

Employment?

How about, jobs number in line, big bad event is over, and on to the next?

Look, it was a big number, but only if it varied from the consensus. There are tons of people who sold stocks ahead, and not many who bought.

So those who sold because they feared a big down day and those who were waiting for a price break now think that it's past, and they are in.

I think that Thursday may have been some sort of whoosh bottom where everyone who wanted to sell got their chance.

It looks like we've averted the worst case -- not bad, not bad at all. 

Columnist Conversations

From Real Money's Tony Owusu: Amazon (AMZN) continued its strong run of success Thursday afternoon following...
Markets mixed as we head to the last hour of trading.  Oil continues to fall and edgy closer and closer t...
Natural Gas has exploded to the upside today in reaction to a much less than expected build in inventories dur...
As I like to preach in our chat room and webinars, we are in the MOVING business, not the STORAGE business.&nb...

BEST IDEAS

REAL MONEY'S BEST IDEAS

News Breaks

Powered by

BROKERAGE PARTNERS

Except as otherwise indicated, quotes are delayed. Quotes delayed at least 20 minutes for all exchanges. Market Data provided by Interactive Data. Company fundamental data provided by Morningstar. Earnings and ratings provided by Zacks. Mutual fund data provided by Valueline. ETF data provided by Lipper. Powered and implemented by Interactive Data Managed Solutions.


TheStreet Ratings updates stock ratings daily. However, if no rating change occurs, the data on this page does not update. The data does update after 90 days if no rating change occurs within that time period.

IDC calculates the Market Cap for the basic symbol to include common shares only. Year-to-date mutual fund returns are calculated on a monthly basis by Value Line and posted mid-month.