Dow at 8326- Is non-farms already priced in?? (your view)
- Thread starter spanish89
- Start date
Quote from spanish89:
k now this is just getting fucking creepy!!! :eek: :eek:
Have all other traders just like 'All gone to the toilet at the exact same time', and so no-one is at their screen to have seen that number and traded it...
The playas are tricky here in the US... often do something which is totally counter-intuitive...
Quote from spanish89:
k now this is just getting fucking creepy!!! :eek: :eek:
Have all other traders just like 'All gone to the toilet at the exact same time', and so no-one is at their screen to have seen that number and traded it...
If you're so worried, then get out of your shorts. My only personal belief is that we're going to rally later in the day.
But what kind of fool would see a jobless number come out that is nearly 2x worse than the expected number, that itself would have been the worst for nearly 30years...,
then see that with revisions added its really around 680,000+ lost, compared to the 330expected.....
And then decide, ahhh im going to invest and go long in the stockmarket now???!! :eek: :eek:
Quote from spanish89:
a rally based on what pyschological boost??
Theres no way im gna close these sells as market dropped down to under 7500, went from there to 8800.....
and now not even going close to 8000.
the only way that could last and hold is if everyone decides that recession is now over..
The jobs number was so much worse than expected, some probably think we've just seen the worst. Whether we have or not, who knows.
Quote from spanish89:
But what kind of fool would see a jobless number come out that is nearly 2x worse than the expected number, that itself would have been the worst for nearly 30years...,
then see that with revisions added its really around 680,000+ lost, compared to the 330expected.....
And then decide, ahhh im going to invest and go long in the stockmarket now???!! :eek: :eek:
Like I said... counter-intuitive.
Seen the worst, I highly doubt it, its going to get even worse, jobless rates are going as high as 10% by the end of 2009. It will take at least 5-7 years before you even see unemployment rates back below 5%, maybe even a decade. This is worse than any past recession this economy and consumer has ever experienced, probably as bad as 1929.