You "think" you are going to "try" to "scale in"? There's a load of useless mumbo jumbo if I ever saw one. There is no think or try, you can either sell or buy. See, I can do this too.
i stay by my opening sentence indeed, Qs at year high, but was touching year Low 3 weeks ago. truly amazing!
Yeah well, once upon a time it was "normal" for the market to rally like this. At least nobody would be acting all surprised and shit as if something "special" just happened. So who is short this market?
I am only short the Euro at this point. I won't put my money into stocks at this point. Not with silly moves like this in either direction.
what level of jobs is already priced in the market? the consensus is 110K. Is much higher level priced in into the market right now?
@ Tsing Tao: Right well you know what I think about shorting the Euro. @Shortie: I think it's the consensus that is priced into the market really. Analysts have been collectively upgrading their expectations during the day and the market has gradually risen in accordance with these expectations upgrades.The odds are pretty good for beating estimates because estimates have been lagging pretty much all results so far so I doubt they've upgraded hard enough. I wouldn't expect too much fireworks from the ADP tomorrow unless it comes in below the original expectations which I believe were about 70k
That sound you hear is juice being squeezed!!! So far the predictions from price action have been good. Spike and channel to 1360, then a small pullback. I do not foresee a big turnaround because the momentum is astounding.
Lakshman Achutan is saying it's a dead cat bounce! http://pragcap.com/achuthan-this-is-a-dead-cat-bounce At least he's sticking to his story, which is what I would expect most to do given the circumstances. He'd probably lose more credibility by changing his tune and possibly being wrong again than to stick to his story and minimize the damage to being wrong once at most or right in the long run. The thing I don't appreciate about Lakshman is that he is regarded as if he "knows" what is going to happen whereas he's wrong or right just as often as most experts, so it's really pretty unpredictable still.