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Give back to this morning's jobs report number -- would send this market over the edge.
Only 80000 jobs created last month joining the company now wait for bird -- They've got financial playing it it's really hard to paint anything get -- are brought to the numbers I can't find anything that means that.
There's no -- there -- nervous over lines when you've got your numbers revised event three straight months below on 2000 new jobs.
There's there really is those are aligning your not gonna find it and in particular when -- when you need to have 200000.
Jobs per month just to keep up with population growth.
It isn't just gonna be a constant reminder the market how bad the economy is.
Value and I was kind of joking around and only half joking you know the market now turns its attention to Ben Bernanke may -- he steps up to the plate that -- some sort of temporary relief well I don't think he's -- changes -- on on -- -- are actually step in and help things but I do you think this has to be on his -- mean three straight months revised below -- 100000 and then additionally if if it's more months of this happens you -- think he's gonna take a low -- That -- a -- just a few moments ago say don't expect to be policy change ahead of the presidential election.
And that although this is the quote 80000 at a -- is a bad number doesn't constitute smoking gun for the Fed.
Yeah it's not it's that it's not quite big enough though I would say they would continue that I could I could -- potentially the Fed step in what I would expect now is.
Is there the recent rally here in June it it's lacked conviction the rally in the market -- lacked conviction did not nearly -- The conviction of the downturn that we had in -- so I really would expect this number to continue to hurt the market potentially even in the next week.
What's holding us all about what's what's is that -- 5000 jobs a month certainly well below the potential of America what's holding and holding us back.
Well I mean that -- -- the economy is struggling on a lot of fronts but services doing pretty well I think you know there where are our economy's changing right we're not -- the manufacturing.
Country we used to be more removed to service would probably play more to our strengths as as a country I don't think -- repair where we are.
In manufacturing is gonna is gonna fix anything even though I think that's where a lot of people think that more jobs are created.
I think we just need it's can improve our educational system just get better -- At creating jobs we're we're we're strong which is -- her right to -- and to your point professional jobs -- the writes maybe the bright spot on this report before lets you know we got a couple seconds left.
And -- you guys do a lot of hedging have been to your website but.
Where do you see this market right now between now and the election.
I think it's gonna trade pretty range bound between 12100 and where and is range where it is right now could touch 14100 again in the S&P.
But wouldn't expect the go much past that we're setting a lot of our hedges -- on the 1250 -- aren't they slightly appreciate it.
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