07 January 2010

Positive Non-Farm Payrolls Number Baked Into Stock Prices?

Everyone appears to be expecting a big upside surprise in the jobs report tomorrow.

Unless its quite a surprise they might even sell the news.

This is a thin market, and probably manipulated as part of a reflationary effort.

Seems like gambling to take much of a position ahead of the release..

Speaking of gambling, here is Simon Johnson on why The Worst Is Yet to Come.