Last Bad unemployment report just happened today, here is why:
October Nonfarm Payrolls -190K vs -175K consensus, prior revised to -219K from -263K
Prior was revised -44k lower, and today's numbers are lower than even the revised lower number. So we could easily have a revision down on today's numbers well below -175k next month.
Plus next month could get very close to being positive Payrolls as Holiday hiring starts week prior to ThanksGiving.
Today's expected dip opening in the market should be very short lived and we should all take advantage of it, knowing full well that the job numbers have finally run their course.