407K in jobless claims got a big YAWN from markets ????

Markets are giving a big "yawn" to 407,000 jobless claims..highest level since Sep 2005 30 months ago.......

Why the markets are NOT tanking 400 points to this historic HIGH in jobless claims......????

Because......

It is NOT a surprise to anybody or their brother-in-law........

Markets hate surprise......there was "no surprise in these numbers"????

Because......

Fed Chief Ben Bernanke told the whole world on wed that "US may CONTRACT in first half...contract means Negative growth in GDP"

Based on the above testimony.....Friday's Jobs report is a "non event".....so I think !!!!

Markets are on SOLID "sound base...after discounting DEEP recession"

Focus should be on what to BUY or SELL instead of following MB bashers or pumpers who are NOT very good in timing anything or have any clue about the direction of any stock or markets ..because they give NO facts just opinions...anyone who spends so much time on writing "nonsense...does NOT have time to do any QUALITY research"

So...we are back to FA/TA on many stocks...& tape tells you the real strength of many stock @ any given moment!!!!

So...spend the time WISELY and listen to your OWN homework !!!!!

In my portfolio :

Sold JASO & booked profit of $1.69 per share

Bought TOL @ $23.69

So my portfolio is BRCM,EGO,JNPR,RIMM,TOL........

BRCM UP 54 cents

EGO UP 21 cents

JNPR Down 40 cents (Down in sympathy with CSCO downgrade this AM)

RIMM UP $6.33 target raised by Lehman $145,Oppenheimer $150,Thomas Weisel $150 & UBS to $165.......

TOL UP 24 cents ..I am UP 80 cents.....

@ 11.30 AM the following are green :

COIN,SOLF,LDK,LULU,APPL,SNDK,VMW,POT,ICE,V,WYNN,
MA,NYX,DRYS,FWLT,PIR,CSIQ,LRCX.

BLOG does NOT give any buy or sell.

Saleem