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Friday, September 04, 2015

Ups & Downs

Well ... It was another ugly .... UGLY ... Day on the markets

They were hoping that the market would have picked up since China was closed for a holiday today but - alas - no such luck ...


Yup - as ugly as Hillary in the morning .... Trump without his hair products ... Senator Reid .... 

You get the idea ...

So - WHAT HAPPENED???

USA jobs report happened.

While the unemployment rate dropped to 5.1% -- the lowest it's been in like 10 years they say -- the number of jobs added wasn't as high as they had hoped .... Only 173,000

Then to top it off -- they are finding that most of the jobs being created were/a MINIMUM WAGE jobs

What does that mean?  

1) Less money making its way around
2) more people needing help for housing/food
3) fears that the government will be raising the minimum wage faster than the market can bear

This week ALONE the market has lead a net loss of -500.00 puts or so

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