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NEW YORK (AP) -- Stocks are extending their rally after a relatively encouraging report on the job market lifted hopes about the pace of economic growth. The Labor Department says private employers added 67,000 jobs in August, stronger than the 41,000 economists polled by Thomson Reuters had forecast. While the data Friday does not indicate the economy is robust by any means, investors are upbeat that it also doesn't indicate the economy is worsening or possibly falling back into recession. There were other encouraging signs throughout the employment report, including a bigger-than-expected jump in hourly wages.

The World's Safe Haven Investments Are Getting Hammered Now* Vincent Fernando, CFA Sep. 3, 2010, 5:38 AM The Wall Street Journal points out that it hasn't just been U.S. treasuries that have taken it on the chin this week. Other perceived safe havens, such as U.K. or German government bonds, have also seen their prices fall (Which makes their yields rise): WSJ: And if you go back to Tuesday evening, the drop in Treasurys prices is even more pronounced: On Tuesday, prices were a lot higher, with the 10-year yield at only 2.47%. It’s not just the U.S. Investors have...

Stocks surged the first trading day of September after a report showed U.S. manufacturing has surprising strength, and after news of strength in the global economy. The markets also shrugged off news of a decline in auto sales.

Whoosh: Nikkei Dives 2% In Early Going Joe Weisenthal Aug. 30, 2010, 8:16 PM This isn't a surprise. It rallied Monday, so the Nikkei obviously had some catch-up to play in Tuesday trading, following the harsh response to the BoJ and the US market dive. Japan shares are down about 2% in the early going. Quick! Someone start rumors of another BoJ meeting. For a recap of Monday action in the US, see here. Image: Nikkei.com[snip]

Wall St Loses Ground After Obama Comments August 30, 2010 REUTERS/Brendan McDermid NEW YORK (Reuters) - Stocks accelerated declines on Monday after comments from U.S. President Barack Obama did little to soothe investors anxious over the slowing pace of the recovery. Obama said he and his economic team discussed additional steps to promote economic growth, including looking at tax cuts for businesses. Stocks had been trading lower prior to the comments and the losses picked up steam. On the S&P 500, financial and consumer shares led the way down, while the Nasdaq fared worse than the other two indexes as...

August 30, 2010 – The Great Bond Market Crash of 2010 August 30th, 2010 1) The Great Bond Market Crash of 2010. OK, maybe it hasn’t really crashed yet. But the two day, 3 ½ point sell off in the futures for the 30 year Treasury bond (TBT), at the end of last week was the sharpest drop in 18 months. Winston Churchill’s great 1942 quote, which marked the turning of the tide for Britain in WWII, comes to mind. “This is not the end. It is not even the beginning of the end. But it is, perhaps, the end...

Rally Gains Steam In Japan -- Nikkei Up 3.2% Joe Weisenthal Aug. 29, 2010, 9:50 PM The sharp reversal in global markets that started Friday is continuing sharply in early Monday trading. After opening up about 1.6%, the Nikkei is now up 3.2%. A BoJ announcement regarding the yen will come in the next few hours. Let's hope they don't lay an egg and announce some milquetoast "we're watching the FX markets closely..." nonsense.[snip]

Citi: Sentiment Is Panicked And Valuations Are Cheap Vincent Fernando, CFA Aug. 28, 2010, 9:33 AM The latest PULSE Monitor product from Citi highlights the potential for a stock market rally in Q4, based on the fact that valuations have become particularly cheap on a relative basis to U.S. government bonds and that investor sentiment has fallen further. Citi's Tobias Levkovich: Our model using Baa yields instead of the 10-year Treasury shows the market is undervalued at 3.36 standard deviations below the mean. Valuations using 10-year average earnings show stocks being relatively inexpensive versus A-rated bonds. Our most highly correlated...

Any Bounce In Stocks Is Now To Be Treated As A Shorting Opportunity The Macro Report Aug. 25, 2010, 8:44 AM We wrote yesterday morning that the US Equity Market was vulnerable to a “fairly dramatic selloff” if the 1,060 area of support was breached. The market traded through that level in early trading, probed much lower in response to the Housing number at the 10:00 hour, but found ready buyers just below 1,050. After the early morning volatility, the market returned to "late-summer business as usual" and traded in a tight range, low volume session for most of the...

Nikkei Dives Again, Kissing Goodbye To 8,900 Joe Weisenthal Aug. 24, 2010, 8:17 PM Yesterday Japan's Nikkei sliced through 9,000 and in early Wednesday action, it's taking out the next (albeit less memorable) milestone. Goodbye 8,900. Image: Nikkei.com Presumably somewhere there's a rumor or a wire report about yen intervention by the BoJ but that's just a guess. The actual big news of the evening is the Irish sovereign debt downgrade form S&P though in terms of actual effects on markets, it's not obviously having much of an impact. US futures are actually a touch higher than their previous close....