Replies to post #291159 on Zeev's Turnips Patch-No Politics (ZEEV)

[eap]

You might be right, but I've got a big profit cushion now and that emboldens me to take a chance. <g>

[Justa Werkenstiff]

Z: I got some trading readings that are pretty euphoric going into the close. You think this "reversal" you expect sticks? Where do you think we close tomorrow?

[Sherlock356]

Zeev.....funny that was my guess also. It is interesting how so many times, the Intel report is the catalyst for an unexpected reversal.....I can remember many instances in the last few years. IF the job report is very bad...all bets are off though....

[coach2]

Bold prediction. All day they were reporting that Bush is aware of the number and members of his staff have been leaking that the number is greater than the 150K consenus.

[limtex]

ZH - all signs that the brakes are hard on the economy now and Greeny doing excactly what he and the other geriatrics did in 1999 and 2000 putting up interest rates when the economy is heading for recession.

I hope you are right on your number tomorrow but if it is I will wonder about it.

If Chambers sadi what he did then that is a very bad sign so far as the direction of the economy is concerned. now we have Intel confirming it and its gathering speed. ...they've done it again.

[ItsAllCyclical]

Jobs number tomorrow >> about 180 to 200K, while the "consensus" is 125 K <<

According to Briefing consensus is 150K which is laughable considering the "economic recovery" we're in. Agree we could get 200K since we need 150K according to most statistics just to stay even with population growth. If we get 200K the market may rally strong, but it really shouldn't get that excited imho unless we get 250K plus and the prior months get revised up. Agree with Roach who cites numerous example of how this recovery in jobs is VERY LACKLUSTER w/respect to past recoveries. We're several MILLION jobs down from past recoveries. Ok, so maybe we beat the number tomorrow by 50 or even 100K. Big deal. Economy still heading for the crapper in 2005 and beyond.

Markets only being held up through massive currency intervention currently. Were it not for Japan, China and now probably the EU we'd be seeing new lows on the Dollar index and a mass exodus out of our markets ala '87. May still happen this fall, but I'm guessing the CB's will control the rate of decent if we start to head down again and they can't even generate "fake" jobs.

Given how low the bar has been set for tomorrow the markets should be able to rally (or at least lessen the INTC news) when we "beat" the number, but if not could get interesting for gold and those who are short. Don't take this as a rant towards yourself, but rather the system that's way too focused on the "beat the number" game.

FWIW, not short this market, but have some gold and some cash.