|
|
|
|
|
The Daily Dow
LEXINGTON, Ky. (July 5): "Deja vu all over again!" Once again, the monthly employment report sends the bond and stock markets reeling. For months in a row now, a predictable cycle of employment report-induced sell-offs has been in place. Every month, the wages component or the number of jobs created "surprise" the market and traders sell.
With the Dow shedding more than 100 points in today's three-and-a-half-hour session, it's no fun to watch, but it's also no reason to panic. For the Foolish Four, no company-specific news generated the sell off, so for investors, the response to today should be simple. Ignore what the short-term traders will do to the market prices and go out and polish off those left-over hot dogs from last night's cookout. Watch the Wimbledon finals this weekend. Catch the Senior U.S. Open. Wash the car. Whatever.
In other words, if you're invested for the long term, today's sell-off, disheartening as it may be, is a non-event. Have a good weekend, Fool.
Transmitted: 7/5/9
Today's Dow Numbers
|
|||||
|
|||||||