Quote from Insearch:
Not so sure this is obvious . . . I'd actually think this is probably it and would call a drop soon within the next week or so . . . but who am I . . . a nobody simpleton . . . maybe I'm the kind of guy the longs will be looking for . . .
Tomorrow is payrolls, the expectation is of -325K vs -467K a month earlier (a 30% improvement) . . . a 4-week average of initial jobless claims is running aroung 614K currently (about 99% of the previous month) . . . I'd have to honestly believe that that -325K is a low number . . . we'll see, I might just lose my shirt on this one with all you pro traders calling longs . . .
If that number doesn't come in nearer -467K, I'll be convinced we're dealing with fudged #s