Get your shorts ready...or if you are in the ETF contest...your SDS!
Submitted by THE O-MAN on Fri, 02/01/2008 - 04:07.
Sorry, that I did not get this up any faster, in fact I doubt that anyone will read it until it is too late. As we all know the market is making wild swings on just about every piece of news that comes out. According to the "old dogs" of my firm, tomorrows jobs report should be a market mover. I cannot write anything that will do this article justice. Please just try ignore the fact that this article is from the NY Post for one minute, actually maybe two minutes because its not long. John Crudele, in my opinion, should be added to your weekly reading list if you are unfamiliar with with the various job statistics that are reported.
Now go get ready to short the open...I reccomend DOG for those of you that are in the current ETF contest.
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Crudele?
Link?
Here you go...
He usually releases articles the Tuesday before the jobs numbers come out in the post.
http://www.nypost.com/business/columnists/crudele.htm
This morning
This morning is why I don't short anything
Wow
Wow, talk about throwing the market a life ring. The market still may sell off into the close being that it is Friday, so shorting the open may not be the best strategy.
I don't like to short either however sense I believe stocks are expensive and that we have been in a bear market sense 2000 I would be completely comfortable being long (QID,SDS).
Then again
If you look at my returns, you'll realize that maybe I shouldn't be recommending anything!