Job Loss Report

by Larry Levin

There isn’t much to say today. This week’s miserable trading environment will fortunately come to a close soon. All eyes are on Friday’s monthly “employment situation” data, which I believe is more appropriately called the "job loss" report.

In case you missed it, the White House is already giving excuses for an anticipated poor data point. Just a few days ago Larry Summers said - in essence - that if the jobs figures are bad, blame it on the weather. That's right; Mr. Summers and others believe that hundreds and hundreds of thousands of jobs would have been otherwise magically tallied were it not for the snow. Yeah, right!

The Federal Reserve picked up that line of hooey too. In the recent Beige Book, it cited "snow issues" at least six times to explain how would have been better.

Finally, you can bet the ranch that every bobble head in the lame stream media, as well as every analyst on Fraud Street, will be crowing the same thing if worse than expected. That being said, the market has been DEAD for a week and has a high probability of making a sharp move Friday.


Previous Day's Trading Room Results:

Trade Date: 3/4/10

E-Mini S&P Trades*
(before fees and commissions):

1) No "secrets" trades filled today.

2) Algorithm positions (11)

3) "Reading the Tape" positions (5)...combined Secret’s, Algo, & "Reading the Tape" total...+6.25




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