Yet another brilliant idea from Shortie's think tank! Maybe it is just me but with the run-up we had, ANY report (good or bad) will be just an excuse to sell. Feel Discuss!
Fund managers are chasing returns so as not to be left behind. They could care less about an employment report. If the market was reflecting the true fundamentals in this country, the S&P would be at 800. Which is about where it will be after the greater fools are done buying into this rally, and reality starts to set in.
If report is good, down. If report is bad, oscillations. Cramer does not get it. If "if report is good, then down" is counterintuitive, I can explain why I think that.
i agree. SPY +10% YTD, +1.5% in dividends - this is a nice return. given the extremely volatile year, why risk it if one is a fund manager? sell everything and give yourself a nice vacation until 2011.