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Friday, June 4, 2010

Jobs Report... piss poor

The report was piss poor. I did not care for the head line number, but was looking primarily at the private sector job growth of 41k. There is nothing to be happy about in it. Linked is the break down from (table). Market has every reason to sell of today, every reason.

Still looking to enter the names posted yesterday with this decline. My target prices will be for the low end, as this jobs report may force the SP500 to test the low end of its range again (over the next week or so).

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