Clearly the market will trade off of this and likely a big move............they are looking for a pretty big jump again so chances favor, I think, a disappointment. It would be nice to see futures up or flat - a much better set up for a big day. XLF is heading to 10, FAZ to 7.50 and then we will see........
All true, but it will still be the trigger for a big move down I think. The market is trading on technicals and there is absloutley zero question that the S@P will test 870-875 this week. But it needs a reason and consumer confidence will create the negative bias.
Wrong.... The media controls a lot of consumer confidence and it is therefore, a non event this time. The jobs numbers will be the only important data for a while. Jobs are real money for business. Confidence can be manipulated and is short term.
Keep on pumping though. It will only cause a harder fall in the end.