This morning the September jobs numbers were released and 137,000 jobs were created last month which was above expectations of around 75,000. This is very promising data and shows that while unemployment still remains dangerously high (at 9.1% of people being jobless), employers are starting to hire albeit slowly. In order for analysts to really see an uptick in hiring and in our economy, we will need to see a new jobs number of around 150,000-200,000 a month; on a side note, the jobs number from August was also revised higher.
Yet the bad news out this morning is that Germany and France continue to disagree on the bank aid issues facing Europe right now. German doesn't want to do anything immediately whereas France wants to address the issue head on and take care of it now..the problem is, Germany and France are the two biggest and most powerful European countries with the most influential say so in what do in dealing with the unstable financial system and if they can't come to an agreement then thats is definately a draw back.
Other than that, the markets are up modestly with my current favorite stock Etrade up 4.5% to 9.40..I still believe that the company will be acquired for somewhere close to $16-$20/share in the coming month.
