I see Wall Street is elated by the jobs report. Down 167.

[sinkingfeeling]

[JoePhilly]

1. It also jumped around 200 points earlier in the week after we had

another positive jobs report.

Today's jobs news was expected.

[snappyturtle]

2. What are they upset about today? Geez they're a fickle group. imho nt

[oberliner]

3. Started way up and then nosedived

Wonder what that was about.

[sharp_stick]

4. Libya, the Middle East

and by extension oil prices and concern that it may stunt the recovery.

[angryfirelord]

5. Oil prices

Seems to be the key factor in the drop today.

[bluerum]

6. They will buy back at a discount later today.

Bastards.

[Freddie Stubbs]

7. Why are they bastards?

[Renew Deal]

8. Markets are more complicated than one factor.

The jobs results came prior to a lot of other bad news.

[whattheidonot]

9. jobs report

the jobs report is based on first time claims to unemployment compensation. it does say how many are on unemployment or how many are off unemployment totally and not working. So if everybody is on unemployment already the report would be fantastic. The jobs report , like Wall street results are not good measures. Prices are up, wages are not keeping up, spending on non essentials is way down. savings are nowhere. A slow economy. The less people are working and the less they make the better for Wall Street. Profits go up

[dmallind]

10. Utter tosh

Monthly UE reports are not even done by the same damn department as those who measure initial claims (the latter is the DOL not BLS).

UE reports derive ONLY from a massive household survey and are not connected to benefits or claims in the slightest. You need not file a claim, receive benefits now or indeed ever to be counted in the BLS report released today.

This is ether crass ignorance or wilful deceit. Here are the facts.

http://bls.gov/cps/uiclaims.htm

[whattheidonot]

16. thanks.

still do not see it as accurate measure.

[dmallind]

17. Then find out why you should or should not see it as such rather than making up crap. nt

[StarburstClock]

11. Wall St. uses propaganda to promote it's greedy needs, has nothing to do with reality

On any given day the markets will be up or down on the exact same news, "news" is just a way to manipulate the public for them. For instance, the markets will be up one day because "a rise in crude oil prices means more profit for oil companies" then the next day the markets will be down because "a rise in crude prices could hamper the economy".

Wall St. is pure corruption.

[eridani]

12. What is happening on Wall Street is utterly irrelevant to the real economy n/t

[Stinky The Clown]

13. Todays's Wall Street driver was oil pricing, not jobs.

[Cresent City Kid]

14. So is Oil driving Wall Street, or is Wall Street driving Oil?

I'm not being smart alecky, just trying to sort this all out. This reminds me of just before the crash, the high oil and food prices that is. What's your take on the role of speculators on the price of oil? Certainly, the Mid East situation is a new variable. Reduced supply seems like a safe bet, how many are laying money on this, and what's that doing to the rest of us?

[old mark]

15. Usually whatever "reason" is given by the talking heads, it's just fantasy...

there really is no pattern, reason or rhyme to it-it's pretty much random.

Some people have a system to predict the stock market, as others do to predict horse races or gambling. Usually the system players end up broke.

mark