[ExecutiveIncome2You]

After a report showing the job market is beginning to improve, the stocks climbed higher Friday morning. The S&P gained 2 points, the Nasdaq gained 2 points and the Dow Jones 52 points. The positive job report had a significant effect on investor confidence, as gains are expected to continue.

The job report for May, which was predicted to show around 520,000 job losses, reported only 345,000.

[teenwolf41]

Too bad it didn't last. I still think the market goes higher, it just needs a catalyst to do so. The problem here is people are still losing jobs at a high rate and unemployment continues to rise. If we get a report when unemployment falls, the market will sky rocket. All the cyclical stocks; metals, industrials, oils, techs have been on a tear and I am glad to own some of them. Secretly hoping for a pull back to I can add to some positions. But the market is sustainable now and as long as investors don't go into the weekend wondering which bank will fail next that is bullish.

[ExecutiveIncome2You]

That is true, unemployment is still continuing to rise, despite some positive signs. I hope that unemployment falls eventually, as this will most likely cause an economic upturn.