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Sunday
Dec072008

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On Friday morning, when the November Employment Report showed the biggest monthly decline in non-farm jobs since 1974, headlines like the one from CNN Money below were all over the wires (we would provide a link but all of the stories have since been taken down):


"Stocks Slammed On Jobs Report"


Before the market opened on Friday, we alerted our Bespoke Premium subscribers to the fact that since 1998, Friday's change in non-farm payrolls was one of the ten worst employment reports in relation to expectations.  In terms of the market's performance on these weak jobs days, however, we noted in a B.I.G. Tips report that, "in seven out of nine days, the S&P 500 traded higher from the open to close."  Additionally, "in eight of the nine [other] days, the S&P 500 hit its low for the day before 11 am".


Employment25     


As we saw, the market followed the historical script on Friday.  After declining by over 3% in the morning, the S&P 500 hit its low for the day fifteen minutes before 11 am and then rallied by more than 6% to finish the day 3.65% higher.  Even by today's standards, it was a dramatic reversal.


As part of our Bespoke Premium service, subscribers receive access to our B.I.G. Tips reports that cover a range of topics to help investors easily grasp current market trends.  Using our unique presentation methods and powerful charting tools, these reports are to the point and easy to understand.  With all of the cross currents going on in today's market, these reports help subscribers navigate through the noise, giving them one less thing to worry about.

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