US economy =! US stock market
Being that its 425 am on saturday I doubt many of you will see this. I just don't understand why people think the stock market should crash when bad jobs reports come out.
Most of these companies 1) hire globally, so bad US jobs could just mean they are hiring cheaper labor elsewhere which is bullish.
2) their revenue comes from all over, so a slight uptick in unemployment will barely move their revenue
Maybe some small caps or us restaurant stocks should crash but not the big names like CAT, AAPL, BTU, XOM, etc