Are we going to get a selloff if the # is unusually low, suggesting the economy is starting to fall apart and the Fed is pushing too far?
I am just hoping for a high market close today and a calm overnight session.....I want some good potential energy built in for the # tomorrow.
Market will rally on weak numbers and sell off on strong numbers. Low numbers will be seen as fitting into a slowing economy and less need for rate hikes. If there's an upside surprise like 200K (not going to happen), then I think there will be some pretty aggressive selling. AOL just announced 5k worth of cuts. Economy is moderating, just look at consumer spending and retail reports. All that home equity money has been spent. Inflation should start to moderate on the heels of weakening demand and today's actions of rate hikes in England, Europe and South Africa only help smooth and cool inflation worries. Also look at the bonds, they're forecasting right now a moderating economy as well.