Jobs Report Will Matter

The horrendous Jobs Report will matter in the long term but in the short term the fact that traders are positioned the wrong way is the most important fact. I suspect that over the coming week market participans will once again mover from pessimism to optimism. That will be the time to remember the horrendous report.

5 comments:

Anonymous said...

What did you do at Goldman dawg?

Just curious.

My background is I started off as a prop daytrader, then I worked in equity research and then sales and trading in Asia.

Anonymous said...

My feeling is that if the mkt fails to make a new high this time, and it looks like it's not, this time the downdraft is going to be more serious than before. And I think mkt will bounce off 950 but of course it won't get there in a straight line, but have mini one week bounces like we are having now till then.

Anonymous said...

Long PCBC @ 0.99 cents foolz.

Tsachy Mishal said...

I was a project manager in Equity Derivatives in NY and London. I did not do any trading there except for my own account.

Anonymous said...

Very cool. When I was young it was my dream to work at GS.