Market Thought... 10yr coiled spring

Tomorrow's market action will be an interesting. There seems to be a low expectation of the employment number, but at the same time the market has been discounting bad data for a few weeks now.

The market has absorbed 10yrs worth of growth. The question is when, not if. When will the market remove this big discount.

Even if tomorrow's number is bad, the market's current multiple reflects bad, and I do not think the market will correct severely unless there is a threat to the financial system. As the days pass, and there is no financial system collapse or threat of a collapse, as soon as better data begins to trickle in, this market will rally hard.