Worse jobs report since the great depression....Dow is up +328.72

[spanone]

[awesomerwb1]

1. Even higher now

CAn someone with some knowledge about how these things work shed some light?

[James48]

2. It's actually better than expected.

The previous weekly reports would have had the end of April number at 700,000 MORE unemployed than what this number says.

(22 million unemployed, vs. what should have said 22.7 million)

So it’s actually better than anticipated.

[Claustrum]

3. I want to know how much the fed has pumped money into the market in the last month or so

[malaise]

4. More proof that it is not connected to reality

Everything associated withthe Con is fake

[BGBD]

5. two things

The stock market is totally disconnected from real-life.

also

They probably figure when it "come back" a lot of these jobs won't, therefore lowering companies operating ratio. Investors like less employees because less employees = less expense.

[SoonerPride]

6. I still think the market high won't last.

The disconnect between its performance and the overall economy won't continue.

Sell now if you can.

[Mariana]

7. I think there's a lot of wishful thinking going on there.

That's not going to last forever. It's also being artificially inflated by the nothing interest rates, and the Fed pumping in trillions.

[Baclava]

8. There were market spikes during The Great Depression too, market futures aren't reality

[empedocles]

11. There was an interesting 'lesson' on markets with the negative oil prices.

Even rw cramer was trying to reach out to naïve, inexperienced speculators.

The lesson was that certainly oil prices would not remain negative, or even quite low, and would go up - 'at some point'. Making money on those low prices, entails much more than recognizing a low price. Making money on an obvious low price, is very different from noticing a 'low price'. Experience on how markets actually operate helps a great deal. The market is quite good at, 'shearing naïve sheep.'

An old market truism, is that the market frustrates a maximum number of 'investors'.

[Baclava]

12. So many "investors" are actually computer run market algorithms these days, sky net is in charge

[Iliyah]

9. During the 1929 crash an depression . ..

I've read it took approx. 5 months inorder for the stock market to catch up to reality.

[empedocles]

13. Important point. I would say it took [5?] months to start to catch up to economic

realities. Market emotional realities have their own paths to travel.

[Keep an eye on the gold market boomlet. Related indices are not confirming gold market booms being heavily promoted these days].

[judeling]

10. Hopium

The markets are concentrating on two things in the report that are feeding the hope of a quick recovery.
First it wasn't quite as bad as was expected 20M vs 23M.
Second that 18m of that 20m are saying it is temporary. That is a furlough and easier to recover from.

Also a tremendous amount of Market gains have been over represented in some Big Cap tech names.