Market Clues (Mystery of the Urinal Deuce Style)

I'm totally getting a clue right now. At least that's what Joe Lazzaro at blogginstocks.com is saying. Joe says it's all about jobs:

The obvious question many investors will ask, amid a Dow that surged ahead 200 points or so on Thursday, is 'Does this mark a turning point for the market?' or 'Is now a good time to start committing more money to stocks?' Let's ignore technical indicators for the moment, as more than one bullish fundamental indicator during this long recession -- an economic statistic or otherwise -- has signaled a 'false rise' or a 'sucker's rally.'

Moreover, the stronger-than-expected August ISM manufacturing report, while bullish,could prove to be another.

What's an investor to do? Keep your eye on job growth. The U.S. Labor Department's monthly jobs report, called the Employment Situation report is a comparatively easy statistic to follow, as it receives ample media coverage. As most investors are aware, the U.S. economy is short about 15 million jobs, and job growth during the previous four quarters of GDP growth has been inadequate.

If the U.S. economy does not add at least 125,000 jobs per month continually, the view from here argues it will be awful hard for the Dow to hold 10,000. Sustained, monthly job growth above 125,000 would send the Dow north.

Reminds us of the Hardly boys from the Classic Episode of Southpark: The Mystery of the Urinal Deuce

Joe Hardly: I was getting a clue like every two minutes.

Frank Hardly: I got such a raging clue that I almost shot clue goo all over Joe

Enjoy Masters: