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Strategies & Market Trends : Mish's Global Economic Trend Analysis -- Ignore unavailable to you. Want to Upgrade?

To: mishedlo who wrote (3565)	4/5/2004 6:23:40 PM
From: microhoogle!	Read Replies (1) \| Respond to of 116555

The stock market liked Friday's positive job surprise, but the bond market didn't. They can't both be right. cbs.marketwatch.com For those reluctant to register to this site <G> here is another blurb Doug Fabian of Fabian's VIP Investor had a terse take: "After 7 weeks of declines in the Nasdaq 100, this week's 5.25% rally -- highlighted by today's 2.55% move -- doesn't come as a surprise. An inspiring jobs report, the first one in five months that beat expectations, had so much meat to it that investors actually chose to party now and deal with the hangover of possible rising interest rates later. Although with bond yields (10-year Treasury note) taking the largest leap since July and the US dollar spiking, it's obvious that not every corner of Wall Street is participating in the block party."