WALL ST >>> Payrolls Data Bearhugs The Dow

Manic Monday For World Markets Next Week

DJIA Choked By Payrolls Data; Down 3.15%
While the government's highly anticipated employment report showed the fastest month-over-month job growth in a decade, the figures fell short of the Street's expectations – sparking another mass exodus of bulls today. More specifically, the Labor Department said nonfarm payrolls rose by 431,000 last month, missing economists' consensus estimate for an increase of 515,000 jobs.
Elsewhere, Hungary was the latest debt-riddled country to take the spotlight across the pond, as its prime minister's spokesman attempted to calm fears of Greek-like fiscal problems. Nevertheless, the latest sovereign-debt drama fanned the already-bearish flames, sending both the Dow Jones Industrial Average (DJIA) and S&P 500 Index (SPX) south of round-number support.
"The SPX has now fallen more than 1% in six of the last eight Fridays," noted a market analyst adding, "Unfortunately, the last two Mondays have also dropped more than 1%."

The Dow Jones Industrial Average (DJIA – 9,931.97) extended its losses into the close, finishing on a deficit of 323.31 points, or 3.2%. In fact, all 30 of its blue-chip components settled in the red, with American Express and Caterpillar leading the laggards after giving up more than 5% apiece. Thanks to today's triple-digit dip, the blue-chip barometer ended beneath the 10,000 level for only the third time since November 2009, extending its weekly decline to 2%.
In similar fashion, the S&P 500 Index (SPX – 1,064.88) surrendered 38 points, or 3.4%, marking the sixth Friday in eight weeks the index has given up more than 1%. What's more, the SPX – like its blue-chip brethren – also gave up psychological support, finishing south of the 1,100 level.
Finally, the Nasdaq Composite (COMP – 2,219.17) fared the worst of the major market indexes, falling 83.9 points, or 3.6%, by the close. For the week, the SPX eroded 2.3%, while the tech-rich COMP shed 1.7%.
The Dow suffered a -204.88 weekly deficit. The 2.02% loss could possibly be the projection of "not-so-pretty" visions for the coming week
The Nasdaq tumbled 3.6% on Friday to end down 1.7% for the week
The Standard & Poor's 500-stock index (SPX 1,065, -37.95) dropped 3.44% to end with a weekly decline of 2.3%.
All of its sectors ended lower on Friday, led by a 4.6% slide in industrials as the profitability of many companies in the sector depends on global growth. In addition, the international exposure of many industrials has put them at risk of being hurt by currency translations as the euro continues to weaken against the dollar.

Crude Oil Swallowed it's steepest single-session drop since Feb 4
Crude futures swallowed their heftiest single-session drop since early February today, as the strengthening greenback made it more expensive for foreign-currency holders to scoop up the dollar-denominated commodity. In addition, the day's disappointing jobs data fueled fresh concerns about energy demand. Against this backdrop, July-dated crude oil surrendered $3.10, or 4.1%, to finish at $71.51 per barrel. For the week, the front-month contract gave up 3.3%.

"Today you'll get a postcard from Hungary: All is not well, send money."
EMERGENCY S.O.S EMERGENCY
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