Hmm...another early release of numbers. Thought the release was suppose to happen at 8:30am ET, but I looked at my screens at 8:27 and the markets were already reacting big. Numbers were "leaked"....again?? Man-o-man. I have to assume that if these numbers can be gotten 3 mins in advance, they can be gotten 24 hrs in advance...for a price. Integrity now sub-zero on Wall Street, and headed lower.
What's new? That's how Wall Street works. You don't think August 16th rally ahead of the Fed emergency discount rate cut on Friday wasn't telegraphed? In fact, that's probably why we saw such weak action near the close yesterday, people with money knew.