Sun Tze
1:56pm
Today’s payroll increase actually had little impact on the overall unemployment figure. Unemployment still stands at 9.7%. Also, as you probably guessed, most of the jobs added by the private sector are temporary jobs and likely low paying. Even the White House down played this job “optimism” saying there is going to be bumpy road ahead for job creation. The Federal Reserve’s monetary policy from this point on is really going to be tough. On the one hand, they have to fight deflation to prevent an economic depression similar to the 1930s. On the other hand, they have to watch out for inflation due to massive money printing. The third and most difficult element is the almost mandatory need to keep mortgage rates down to slow down the foreclosure tsunami meaning that any raise in the discount rates is going worsen the foreclosure situation. It almost seems like it is impossible for the Fed to achieve all three things at the same time and there is a high probability that they are going to make mistakes down the road. I would like you to read this 34-page report on the Federal Reserve to get a prospective why it is unlikely that they can solve the current monetary and economic problems.
Sun Tze
9:25am
Market is closed for Good Friday. Since most of us are taking the day off, we want you to take the opportunity and watch a few important market videos from INO. In addition, there are only a FEW DAYs left to sign up for a no-obligation 2-week INO MarketClub trial. Guys, you will be able to use the same tools that we use for charting and trend analysis for 2 weeks WITHOUT PAYING A THING. Why not take advantage of it? INO only does this ONCE EVERY TWO YEARS. Get instant access here:
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TITLE : A Quick Peek at Crude Oil
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TITLE : A Sneak Peek At The S&P 500
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TITLE: Is The US Dollar Reversing Again?
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TITLE: A Sneak Peek At Gold
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Market closing early today 12pm ET
8:30 AM ET – Employment Situation
This is the best I could find for the day. Take a look and take a break
http://www.spoofee.com/index.php?section=deal&did=667675
Futures barely broke yesterday’s high. Let’s see what monday brings..
Payrolls in U.S. Rise 162,000; Unemployment at 9.7% (Bloom)
http://bit.ly/9ARNfx
Fed emergency meeting Monday to possibly raise discount rate. Check Zerohedge site.
I hope you guys saw my next short opportunity I said yeterday which is M. Looks like everthing is going in my way and exactly as I said we are going to see the final push up on Monday so I can take my short positions at best price. If on monday we gap up more than 5 point on S&P I will take my short position at monring and if we opens flat and then push up slowly then I would wait to take my shorts afternoon. Anyway if you look at the char M it is exactly at the price before major crash happened at 2008, so that is why i think it should drop at this point at leats 10%. If i take my shorts at 22.5~8 then price did not drop then i will wait to triple my shorts at price 24 but i would just give 1% chance that price does not fall once 22.8 hit.
have a good Easter everyone
SWBB
Well good luck shorting that one.
Looks like you toned down your wording Sam..thnx for the post. You’ve been right on more than once and I often give what you say a second look.
lol. well you are going to see a new round of ” i told you” next week when I short M and then it falls. Actually I still belive that S&P will go upper as I told you and I am going to make money with crowd with SPY calls by going long So I am not bearish in broad market.
I always look for bearish stocks to go short while i hedge myself with SPY calls. A good example was USO that I shorted 2 or 3 weeks ago several times and made avery nice profit. now I have plan to short M at 22.8 next week while I will play SPY calls toward 1190. In overall a lot people are looking for s&p 1200 to go short, but i believe big boys know that and they go short at around 1190.
SWBB