I have to agree. It seems like a no lose situation for longs. In fact, I am guessing the worse the number, the better the outcome by 4:00PM.
Hahahahahahahahahahahahahahaha a loss of -95k jobs and the Futures are trading up Imagine if there was a gain of 100k jobs markets would be up 3% this morning. Damn do the bulls have it fucking easy.
Jobs report is a joke. The numbers are not truly reflective of the unemployment situation. Anyone who follows those numbers and believes them is kidding themselves. Second, the market is going up on nothing but hot air. There has been very little money flowing into the market. Proped up by Gov and Funds who have no choice but to be long like 401ks. Hot Air will rise only to cool...its a matter of time. IMHO, the market rallied to price in a REP win in NOV. Nothing to do with the economy.
From Zero Hedge: Insider Selling To Buying: 2,341 To 1 Submitted by Tyler Durden on 10/05/2010 13:46 -0500 Sorry kids, we just report the news... as ugly as they may be. After last week saw an insider selling to buying ratio of 1,411 to 1, this week the ratio has nearly doubled, hitting a ridiculous 2,341 to 1. And while Wall Street's liars and CNBC's clowns will have you throw all your money into "leading" techs like Oracle and Google, insiders in these names sold a combined $200 million in stock in the last week alone (following Oracle insider sales of $223 million in the prior week). Insiders can. not. wait. to. get. out. fast. enough. This Fed-induced rally is nothing short of a godsend for each and every corporate executive. But yes, there may be value: there was insider buying in 2 (two) companies last week: General Dynamics and Best Buy, for a whopping total of $177,064. At the same time sales were a total of $414 million: so is anyone wondering why JPMorgan is reopening its gold vault... Anyone left holding the bag on this market when the FRBNY props are taken away, will be left with the same return as all those investors who entrusted their money with Madoff. Guaranteed.
bugscoe Good post. I know most of the Private Money I deal with, outa the markets and never coming back. It's flow'd to places like Brazil, Gold, Indonesia for Land and Manufacturing building, some has flow'd to China. Sorry folks. Jig is up. You have a few years before the pain really gets going...hopefully most will awaken before then. MAKE YOUR MONEY and HEDGE IT!