Stock Market Blog -Dec 8th

The market was down all week, but recovered on Friday after a better than expected Jobs report. The jobless rate fell to 7.0%, the lowest since 2008. Looks like we'll close out the year with some nice gains, barring any surprises from the Fed or any Budget issues next week.  Bonds and Gold on the other hand will close out the year with significant losses.

New all time highs:    CELG, CLX, CSX, DG, GM, GOOG, LNG, NSC, PSX, STX, WDC
All time lows:  ... 

Pops:  TSLA ,      Drops:   JCP, KKD, SHLD, ULTA

Next week:  Economic reports , 

Earnings:  AZO, LULU, COST

Market Commentary

The rally finally got a pause this week. We'll see if its the beginning of a correction or just a another small dip. The bigger trend is definitely still to the up side. We might see some concerns reflected in the market about the Dec 13th budget deadline next week.

This week's charts:

S&P 500 -back up to the top?
10yr Interest Rates
Labor Force Participation Rate (10yr chart)

Commodities/Futures (charts):
Crude Oil rallied, closing near $97.65 -holding under $100
Natural Gas was up, closing near $4.11
Gold dropped, closing at $1229
The 30 year Bond dropped, closing near $130.37
The US Dollar dropped a bit, closing near 80.31

NEWS:

Now where do stocks go? Here's a hint: Ho ho ho
El-Erian: Jobs report is even better than you think
Investors brace for big dip in stocks
Dow 16,000 Was a Lot of Fun While It Lasted
Six reasons why 2014 is the year the economy clicks
5 reasons the markets will rally again in 2014
Will Google soon pass Exxon in market value?

What Keeps Bill Gross (and me) up at Night?
After Detroit, Who Will Cut City Pensions Next?
Lesson from Detroit: Get ready for more muni mess
Why Japan May Matter More Than Tapering
China becomes world's largest gold consumer