Goldilocks, We Hardly Knew Ye! By Ron Insana About this article: Just yesterday, the market surged on a jump in productivity and declining jobless claims. This morning, a slight miss on the October employment report and we're set to tumble once again. As I have said in recent radio reports, this market has all the emotional stability of John & Kate Plus Eight! When combing through October report, it is not as bad as the market response would suggest. True, the unemployment report has jumped to 10.2%, the highest since April 1983. And the economy lost 190,000 jobs. Still, prior months were revised upward, making the three-month average show improvement. What today's data reinforce is the notion that the Fed is on hold for the foreseeable future, an argument I have been making for months, despite numerous protestations among the inflation hawks to the contrary. Stock-index futures are pulling back, though I wouldn't be surprised to see a rally by the end... Or, call us at 1-866-321-TSCM (8726) Monday-Friday, 8 a.m.-6 p.m. ET. Outside the U.S. and in Canada, call 1-212-321-5200.

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