Market’s Reaction To The US Unemployment Report: Neither A Buyer Nor Seller Be

What does it all mean?

Observing the market’s muted reaction to the Unemployment Report Friday morning makes me think of a phrase not popular on Wall Street. That phrase, ‘neither a buyer nor seller be’ sends a mixed message bordering on indifference as to market activity.

Why are so many market participants not involved or less caring of the daily price action? I would put forth the following reasons:

1. Overriding concern with trying to get their own financial house in order.

2. A general level of disbelief in the integrity of certain market structures (for example, high frequency trading activities).

3. ‘Don’t fight the Fed’ meaning when the Federal Reserve is actively involved in the market, as they are now, it is never prudent to take the other side of the Fed’s trades.

4. Limited trust in the financial regulatory oversight of Wall Street.

5. Limited trust in the statistics being put forth from Washington. For example, questioning the integrity of the 640k figure of jobs saved or created by the Obama administration.

Add it all up and what is an individual to do?

Neither a buyer nor seller be….

What do you think?

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