The employment situation is always a market mover because it is one of the Fed's favorite indicators when it comes to designing their policy statement.
More Quotes from Paul Mendelsohn:
There's a lot going on next week. There's the OPEC and G8 meetings this weekend, and a bunch of economic reports that the market is going to be watching carefully.Paul Mendelsohn
Everybody pretty much knows what they're going to do -- they're going to raise the fed funds rate, ... everybody's going to be looking at their policy statement to see what the future is going to bring.
Paul Mendelsohn
The big problem for the market has been the news flow. Energy prices continue to rise, gold prices continue to go up and earnings are coming in very mixed.
Paul Mendelsohn
The big question is whether the earnings growth is already built into the market, or can it help us move higher. It's very hard to answer that. Earnings should be the big driver of the market right now, but you seem to have this cross-current of events that are challenging that.
Paul Mendelsohn
I think the issue that dominated today was the Wal-Mart announcement, because it made investors wonder if we're going through another slowdown, ... That certainly weighed on stocks.
Paul Mendelsohn
It's clear that employment growth this time around has been sub-par compared to previous economic recoveries. You need about the number of jobs that we're adding now just to stay even with the number of people entering the economy. It's very possible that we're going to continue to see sub-par growth.
Paul Mendelsohn
Readers Who Like This Quotation Also Like:
Based on Keywords: moverOne of the things that is not so good is that a decision was made long ago about the size of an IP address - 32 bits. At the time it was a number much larger than anyone could imagine ever having that many computers but it turned out to be to small.
Jon Postel
Most works of art, like most wines, ought to be consumed in the district of their fabrication.
Simone Weil
I never went to school. I never went to acting school because I was so scared.
Ursula Andress