THE JOB LOSSES ON FRIDAY WILL BE BETWEEN 400,000 AND 450,000...
BUT THE MARKET WILL RALLY WILDLY...THE NOTION BEING THAT THE BAD NEWS IS ALREADY "FACTORED INTO THE MARKET..."
I'VE SEEN THIS TYPE OF ACTION BEFORE...WHEN THE NEWS IS MOST DISMAL...THE MARKET RALLIES GREATLY...
CALL IT PLUNGE PROTECTION (IT IS)...OR CALL IT MAGIC...
FRIDAY THE DOW COULD BE UP 300 TO 500 POINTS...!!
WE LIVE IN THE AGE OF ANOMALIES AND MIRACLES... GET USED TO IT...
BUT HOW FAKE WILL IT BE...?
WELL WATCH GOLD...IF GOLD IS DOWN BIG AND THE DOW IS UP BIG...ITS ALL PPT AND PROGRAM TRADES...
IF THE DOW IS UP AND GOLD IS UP...THEN SOME OF THE USUAL SUCKERS ARE FLOCKING BEHIND IT...BASED ON "NOT MISSING THE BOAT" REASONING.
