STRAIGHT UP

Jobs numbers came in right at/near the targets at 97k v 100k consensus and a sigh of relief from traders sent the futures ripping higher (SPX +7 and should open near 1,409).

Rate on the 10 year Bond up to 4.58% and the new chance of a Fed rate cut down to one third and back to the goldielocks economy;

And don't forget about yesterday's news on NEW and Wednesday's comments from the CEO of DHI with his forecast on the homie market for the rest of 2007. Or my forecast for a near term SPX target of 1,415, about halfway between the recent lows and highs.

On the wires:

DCX may have a new bidder for Chrysler- Centerbridge; FDX/TXN upped to Buy at Stifel; PG kind of reaffirms guidance; AAPL initiated with a Buy at WR Hambrecht - tgt of $110; SCHW upped to outperform at Bernstein;

Gapping up: BIG JSDA NSM MAMA AVAV ACH EAT;

Gapping down: PSPT GMKT LMRA ZQK ENCY TSM YHOO;