fredag den 9. januar 2009

Tactical ALERT on Friday Non-farm

I am adjusting down my call for non-farm today - it will be worse than even the whisper numbers as a friend of mine been saying for most of the week, and finally it dawned on me: Obama been talking as if he knew todays numbers for a while - and its likely he has seen them otherwise why say:

  • "It appeared those critics were the focus of Obama’s speech, as he said, “If nothing is done this recession could linger for years. The unemployment rate could reach double digits.” (source:
  • Some cyclical work we do shows MAJOR infliction point for todays Friday...

Hence we suggest extreme caution into this market today - and we will not be surprised that the worst is confirmed - if wrong.....then it egg on my face..

We are:

Short EURUSD, short S&P, short Stoxx50, long bunds, long USD p jpy c.......short Gold.


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