Now What?

“The Labor Department said nonfarm payrolls rose by a higher than expected 290,000 jobs last month — the largest gain since March 2006. That followed an upwardly revised 230,000 increase in March.”  (WSJ)

Kid Dynamite, Paul Kedrosky and David Merkel on the stupidity of canceling trades.  (KidDynamite)

Citigroup’s Tobias Levkovich says don’t bother buying this dip, historically it hasn’t been very rewarding.  (FTAlphaville)

Leigh Drogen: “No bids, broken robots, told ya you don’t want to tax away liquidity.”  (LeighDrogen)

Floyd Norris deconstructs mini-crash.  (NYT)

Regulators will probe what caused yesterday’s market madness.  I feel better already.  (Bloomberg)

British elections are apparently like soccer – a match can end with no one having won.  Tell me if you have any idea what went on last night?  (Gawker)

By the way, Spain just got a decent 5 year bond auction done.  (WSJ)

Iron Man 2 opens today.  Reviews are mixed but the geeks absolutely love it.  (AintItCoolNews)

Finally, here’s why you shouldn’t do a webinar during a market crash…this guy comes off as a psycho: