I called it last night. I knew Chrysler plant closings would impact number to the downside. I really wish I was making money with FAS but gotta play the market with what it gives you. Away we go with FAZ.
It was flat.. going into numbers, numbers came out it bounced 2.5% ..
A nice 2.5% jump pre-market is good..
Look at BAC.. was up.. numbers come out.. down 2% ..
Markets first 30 minutes will say alot.. Hopefully some people start bailing on equities (esp the high risk financial ones) and go over to treasuries (or hold cash)
MW had the exp at 590,000.
A range of 590-610 would probably be accurate. However, they revised last weeks numbers from 601 to 605 and so there is reason to believe they'll revise this weeks numbers, too. Especially if not every one of the 27,000 Chrysler workers filed this week...most likely some will file in the next week or two... and we still have the GM plant closings to get through.