Dips Will Be Bought

Funny how the market breaks just when everyone has finally made the transition from 'sell rallys' to 'buy dips'...

This is a nice start to the day to the nearest support at 980ish, and likely to break - the big problem, for bears, is that the 'buy dips' will likely keep the market from a true free-fall, at least for the first few failed rallies.

I expect the first support at 980, then 970 and would be surprised if 970 doesn't give us our first rally attempt.

Riddle Me This

Todays numbers are being taken as a green shoot. Not sure I understand that.

The simple fact is that productivity went up (people were worked better (most people say 'harder', I'd say thats not all of it)), while unit labor costs went down sharply (which means people are being paid less, per unit produced, plain and simple) and hours fell.

This sounds like a bad thing for consumers, no?? Especially the masses that live at the edge. That's really bad, right?