Something everyone’s chewing on: Stocks are now in the red, following the blowout non-farm payrolls number, and the early strong stock action. Is that a sign of a real break in the action? Maybe, but everytime that appears to be here, the bulls power back.
Everything that had been ralllying — stocks, oil, gold — are now down. Gold in particular is getting drubbed.
While the Dow is off just about 20 points, the NASDAQ and the S&P 500 are off about half a per cent.