Tokyo Joe's Cafe / Societe Anonyme/No Pennies Message Board

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Microcap & Penny Stocks : Tokyo Joe's Cafe / Societe Anonyme/No Pennies

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To: TokyoMex who wrote (21976)	12/4/1998 8:56:00 AM
From: Gator	Read Replies (1) of 119973

Great job numbers aren't good for the market. Market was looking for non-farm payroll increase of 158,000 and unemployment of 4.6%. Better numbers would reduce pressure on the Fed to lower rates. The numbers turned out much better, hence no rate reduction. I don't think we'll see much of an early rally. A lot depends on how this is balanced with outlook on global economy, and how people weigh great job numbers with less chance of near-term fed reduction. I'm looking for a mixed day in the market, with bond prices dropping (and 30-year rate increasing). Gator

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