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Economy

Crewleader

(17,005 posts) Sat Feb 8, 2014, 06:14 PM Feb 2014

6

Why the Lousy Jobs Report Boosted Wall Street

Saturday, February 8, 2014

by Robert Reich

The stock market surged yesterday after the lousy jobs report. The Dow soared 160 points Friday, while the S&P 500, and Nasdaq also rose.

How can bad news on Main Street (only 113,000 jobs were created in January, on top of a meager 74,000 in December) cause good news on Wall Street?

Because investors assume:

http://robertreich.org/post/76009082986

4 replies

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Why the Lousy Jobs Report Boosted Wall Street (Original Post) Crewleader Feb 2014 OP

because investors assume the Fed wont speed up tapering if economy is still sputtering. DCBob Feb 2014 #1

DCBob Crewleader Feb 2014 #2

At some point this isn't going to end well...once again KoKo Feb 2014 #3

I hear you KoKo Crewleader Feb 2014 #4

DCBob

(24,689 posts)

1. because investors assume the Fed wont speed up tapering if economy is still sputtering.

Reply to Crewleader (Original post)

Sat Feb 8, 2014, 06:23 PM

Feb 2014

bad is good.. good is bad.. and sometimes good is also good.

Crewleader

(17,005 posts)

2. DCBob

Reply to DCBob (Reply #1)

Sun Feb 9, 2014, 11:41 AM

Feb 2014

exactly!

KoKo

(84,711 posts)

3. At some point this isn't going to end well...once again

Reply to Crewleader (Original post)

Sun Feb 9, 2014, 05:49 PM

Feb 2014

Thanks for the link...

Crewleader

(17,005 posts)

4. I hear you KoKo

Reply to KoKo (Reply #3)

Sun Feb 9, 2014, 06:01 PM

Feb 2014

and agree....watch when the interest rates climb...

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