The Big Market Move…Nice, but…

It was encouraging today to see the stock market surge on several positive items in the news. So it’s the Dow’s best day since March 2009. That’s a good thing. the central banks intervened to help banks hit by the Europe debt crisis, and the Chinese Bank reduced their reserve requirement. This is all well and good if you’re a big trader or a bank, and certainly does affect all of us indirectly.

The other item was that the ADP employment report found an increase of 206,000 jobs, the most since last December. That affects a hell of a lot more people directly. What I’m waiting to see is the headline that employment has dropped to the lowest level since 2007, or that middle class wages have increased by as much as the top 1%’s income has. THOSE headlines would truly affect everybody in America in a positive way. If you believe in Santa, ask him for these! Even if you don’t, an almost 500 point move by the Dow is a nice (hopeful) start to a Santa rally.