Unbelievable... really

What a day. Before the opening bell it's announced that the number of new jobless last month was the highest in 30 years (533,000 versus exepected 350,000). On a percentage basis of the overall workforce it was bad, but not the worst in 30 years.

Still the same, the markets were sent reeling early. Then a bit of a turnaround, then back down again and then the rally that defies logic.

As I mentioned yesterday, I felt that the plunge at the end of the day yesterday was in anticipation of worse than expected numbers. Well, chalk one up for me I was right. But the reaction was far more dramatic than I could have imagined. Never would have thought a 300 point rally on the Dow by the end of the day.

So, overall the week was pretty flat with whiplash moments every hour or so every step of the way.

I did take another short position today when I thought the market rally had peaked, but I missed it by a bit. Now I'll just hope that sanity comes back on Monday.

But ya never know what the fed will come up with to try to stimulate things again to try to stop the enevitable meltdown.

Enjoy the weekend my friends.