Prior to the market open on Friday, the Bureau of Labor Statistics (BLS) will release its April Non-Farm Payroll figure, and by that traders will have access to vital information needed to access the health of the economy and trade stocks.
except for the fact that the numbers are largely a joke, have been proven to be such, and are not of importance to anybody in particular. They offer a rather fuzzy view of the employment conditions in the United States, if one is even inclined to believe them.
So, stocks went up, came down and finished just about where they started the day, with the Dow up, the S&P and NASDAQ ever so slightly to the downside.
Idiots On Parade:
S&P 500: 2,050.63, -0.49 (0.02%)
Dow: 17,660.71, +9.45 (0.05%)
NASDAQ: 4,717.09, -8.55 (0.18%)
Crude Oil 44.51 +1.67% Gold 1,279.60 +0.41% EUR/USD 1.1403 0.00% 10-Yr Bond 1.75 -2.07% Corn 373.75 -0.80% Copper 2.14 -1.92% Silver 17.38 +0.43% Natural Gas 2.08 -2.80% Russell 2000 1,107.95 -0.47% VIX 15.91 -0.87% BATS 1000 20,677.17 0.00% GBP/USD 1.4485 +0.02% USD/JPY 107.2700 -0.01%
A note on the blatant unfairness within the judicial system:
The Arbitration Association of America, which handles the majority of arbitration cases, charges $200 for an initial filing fee, not counting fees incurred by consumers who hire attorneys. The CFPB argues that fees like this have a cooling effect on potential claimants. Over the two-year period between 2010 and 2011, the CFPB found only 25 cases were filed by consumers with claims for under $1,000. For every dollar claimed, consumers won an average of 12% of the original claim in relief. Only 9% of consumers who took on financial institutions received any relief at all. In contrast, 93% of claims filed against consumers by financial institutions came out in the institution’s favor.