Day Traders Diary

Economy loses jobs, stocks lose ground

The Dow fell 223 points on Friday as unemployment in the US rose to its highest level in 26 years (when "Thriller" was released), which is the lowest close in 6 weeks for the average. T-Bonds yielded lower and prices rose as the few investors left to trade were searching out safety in government bonds. 467,000 jobs were lost in June, over 100,000 more than anticipated by the Feds. Crude and gold fell sharply as the dollar rose for the session. With very low volumes, take this holiday session with a grain of salt potatoes and a cold beer. Have a safe 4th!! All comments contained herein are for informational purposes only, and should not be considered as a solicitation to buy or sell any security. The firm does not guarantee the accuracy or completeness of the information or make any warranties regarding results from it's usage.