Futures are UP in every indices ahead of jobs report?
There is CNBC version of everything IS bad 24/7 so fear is injected into retail......BUT Hedge funds are taking advantage of panic selling by retail........
Hedge funds do NOT take CNBC as a "serious investing/trading tool"they actually use it as a great contrary indicator where Fast PANIC money is a seller in close & look shell shocked with this market..almost looks out of place.....
Adami was pointing out horrible tape action in IBM which was actually GREEN as a reason for being NEGATIVE in this market???I am sure he HAS been positioned for S&P 500 @ 905 for months.....when does he actually makes money????
Canadian Job report this morning came @ stunning growth of 27,100 job GROWTH vs expectation of loss of 10,000.....by the way David Rosenberg was part of this consensus of Job loss of 10,000 to 15,000.....Economists they are a wonderful BREED...talking books all the time...so what happened in 1937......they are still fixated.....
Based on complete turnaround in Canadian Job report...Canadian $ is UP 1 full cent against US$....
SO..it is 7 minutes to US Jobs report which should be better than consensus of 225k job loss....
Do Futures know something?????
BLOG does NOT give buy or sell.
Saleem
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