ES Journal Archive (2009 - 2010)

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You know those idiots will brush any negative news off as "better than expected". Better my ass!

Quote from BoyBrutus:

Prepare for fireworks.


Friday, June 5, 2009 Exp Prev
ET/GMT
0830/1230 May Employment Report
Non-Farm Payrolls -525K -539K
Unemployment Rate 9.2% 8.9%
Average Hourly Earnings 18.51
Average Hourly Earnings Net
Change +0.1% +0.1%
Manufacturing Payrolls -149K
Overall Workweek 33.2
Overall Workweek Net Change 0
Service Producing Payrolls -269K
 
Quote from Lawrence Chan:

Retail is extremely bearish last I heard.

Big government, however, wanted higher prints for many reasons.
What reasons might they be?
 
i wouldnt short before nfp or post nfp... the sunday night session is the best...

the nfp number is too visible for the socialists not to defend.
 
Quote from Spectre2007:

i wouldnt short before nfp or post nfp... the sunday night session is the best...

the nfp number is too visible for the socialists not to defend.

Agreed. I would add that holding a short into the numbers is a bit risky to me, the market being so close to the yr highs.
 
Man who the hell cares about NFP? This PA ain't normal, period. Never seen such a blatant manipulation in the past and god forbid I hope I don't see it in the future.
 
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