Thursday, September 3, 2009

Friday NFP

Always a big number and way over blown this week
The ism was awesome we are out of the recession the retail sales show glimmers
Bernanke just promised he would not make the mistake of pulling the QE plug too early
So the banking sell-off was unfounded as evidenced by the "sanity" bounce today
If they crush them tomorrow i will be buying at the bottom with a back hoe
this is ludicrous . Unless the jobs number is beyond what I can fathom judging by every other piece of macro data we have seen for the past month- I am not expecting a wonder number of even a good one-Jobs are last-come on guys is this your first recession?
Albeit a terrible one there is enough history to outline that everything is moving along the course it should and the bounce from the march lows-you do not understand trading if you do not understand the anomaly March was- the quintessential sell off in the extreme a chance to buy and even get wealthy that you will never ever ever see again in your lifetime-Eliminate the aberration and the bounce that has us here is far more orderly and puts us almost exactly where we should be and we will be higher in the future I hope they crush 'em because I bought some protection and I will wait until they are completely strung out and then I will put them out of their misery.d