Friday, August 5, 2011

Lexicon: Today's Term is "Gap-and-Crap" (SPY; QQQ; DIA)

Weakness in the Nasdaq was apparent first, it's now down 2% with the S&P down 1.35% and the DJIA down 1.01%.
Credit for the terminology goes to Global Economic Trend Analysis for:
Another Gap-and-Crap on Payroll Report - Jobs +117,000, Unemployment Rate 9.1% - Actual number of Employed (by Household Survey) declines by 156,000
Here's a professional philologist, Marina Orlova: