Friday, August 6, 2010

Counterintuitive View

I think a bad jobs number is better for the stock market.  It gives the Fed more backing for its QE 2.0 program which is bullish for asset markets.  The markets are always forward looking, and we have the FOMC meeting next Tuesday.  
at

2 comments:

  1. iv8/06/2010 10:59:00 AM

    and FOMC is going to buy treasuries....

    oh wow...that would solve the debt problems...

    hate to disagree OWL but i loaded up on november IWM puts this morning...when SPX was around 1116

    will post my exit on your blog

    ReplyDelete
  2. Petsamo8/06/2010 11:50:00 AM

    I made decent money on that downleg, but I'm staying mostly long.

    ReplyDelete