August Jobs Report Objectively Bad, But No Market Crash Expected Today
Duncan Black Reminds Us That Governments Have Eliminated Half a Million Public Sector Jobs since July 2009...

Hoisted from Comments: Uh-Oh...

In comments:

howard said... prof, i'm writing at 7:47 a.m. pacific time, and i'd say, offhand, you shouldn't be trying tp predict daily moves by mr. market...

Uh-oh. It is moving day, but I had better go look...

UPDATE: -1.929% VALUE: 1,176.920 USD at 8:57 am pdt. Not that bad.

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