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Chartology – The Stocks/Jobs Disconnect

What's the correlation between jobs and the market? Is it a scary trend when stocks are going up as the jobless rate hits its highest point since 1983?

While history shows that job growth typically lags economic growth, is it time to write off the jobs report as inconsequential to market behavior?

I think we're building a stairway to heaven on the back of paper, CNBC's Rick Santelli says.

Find out what else has to say on the subject in the video below.



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Trader disclosure: On November 6th, 2009, the following stocks and commodities mentioned or intended to be mentioned on CNBC’s Fast Money were owned by the Fast Money traders;
Adami Owns (AGU), (BTU), (C), (GS), (INTC), (MSFT),(NUE),

Adami Owned (INTC) On 10/15/09


Najarian Owns (AA) Call Spread, (BX) Calls, (GE) Calls, (JWN) Calls, (RIMM) Call Spread, (UUP) Calls, (YHOO), (YHOO) Puts

Finerman's Firm Is Short (IJR), (IWM), (MDY), (SPY), (USO), (UNG),
Finerman's Firm Owns (BAC) Preferred, (BAC), (BAC) Call Spreads;
Finerman Owns (BAC) Preferred, (BAC);
Finerman's Firm Is Short (KFT);
Finerman's Firm Owns (M), (MSFT), (TGT);
Finerman's Firm Is Short (USO), Finerman's Firm Owns (WMT)


For Jeff Lindsay
Accounts Over Which Bernstein And/Or Affiliates Exercise Investment Discretion Own 1% Or More Of (AMZN)
Bernstein Is A Market Maker In (AMZN)

For Steve Cortes

Cortes Is Short (XRT), Owns S&P Futures
***CORTES HAS DISCLOSED FOR: WMT, XRT, SPY, MANPOWER

For Brian Stutland

***BRIAN STUTLAND HAS NOT PROVIDED DISCLOSURES



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