iBankCoin
18 years in Wall Street, left after finding out it was all horseshit. Founder/ Master and Commander: iBankCoin, finance news and commentary from the future.
Joined Nov 10, 2007
23,441 Blog Posts

Trading the Jobs Report

Tomorrow is a big day for Glove-Mitt Romney to fuck with Barax 0bama. The monthly jobs report is due and it is sure to disappoint, as is the custom. However, a bad number will make stocks go higher, much higher. Right now we’re running on virtual cash (no #timestamp); and if the numbers are too strong, I suspect Bernanke will need to bacdafucup off the US economy.

The worst case scenario is a number that is in-line with expectations; no one wants that shit. We need a really fucked up, abysmal, greater depression, type of number to get the cocaine party started. Let’s say the numbers are gorilla strong. Under a “gorilla strong” number, the market will fall under bricks of sell orders; because we don’t want that shit. It will pop, but then get sold-the-fuck-off.

We need to unwind a bit, moonlighting under the roaming splendour that is POMO.

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29 comments

  1. ToTrader

    We need a pullback…..

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  2. muktukchuck

    P. Petey — this Constanza shit gives me a head ache. I need a bowl of soup for comfort, and I’m afraid the Nazi is going to give me “no soup for you”. FAAAAAHK

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  3. xxxHuggieBearxxx
    xxxHuggieBearxxx

    you are drunk of the magnitude of your recent yelp win. as well you should be.

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  4. Mad_Scientist

    If the numbers are ok, then stocks may go down, but the consolation prize is, obama is more likely to be one and done. Only artificial number inflation by ben bernanke will create the perception that obama did well.

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  5. Whaler31

    Obama’s SS # is being proved totally fraudulent. It doesn’t even pass E-Verify.

    This could be the final un-doing.

    http://www.youtube.com/watch?v=4Z-LJ1Th1i4&feature=em-subs_digest

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  6. Leo

    This country is great – we root for desolation and bad news so our market can go up. George Costanza smiles!

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  7. Mike

    WNR full !!

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  8. I like ribs

    I like ribs n AUY!

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  9. mancini

    You would probably make a decent Jeopardy contestant, Fly.

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    • 'merica

      The guitarist at my wedding won a jeopardy episode. And he’s running for local government. Need more of him.

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  10. kelkun

    I don’t care about the jobs numbers. I don’t care about Bernanke. I don’t care about QE3. Like I’ve been saying for months, the market is going higher regardless. I just can’t wait for people to stop talking about macro events every five minutes, and then as soon as the news is announced, move on to talking about the .next” macro event. I can’t wait to get back to just trading a market of stocks like I did between 2002 and 2007 where I never had any idea what “the market” had done during the day.

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    • macpatton

      You know it is never like it was.

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      • kelkun

        Exactly. Which is why I find silly that a lot of people expect this summer to be a carbon copy of the past two. I expect a strong summer.

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        • fake amish

          I am sick of people that live in the past. This is not 2002-07. It is 2012.

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    • 'merica

      Put your money where your mouth is. I bet I could flip 3 out of 4 heads.

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    • Rabbit

      It was easy not to care about macro events or what the market did from 2002 to 2007, because all it did was go up. The Dow nearly doubled in that time frame before the rug pull. I find it silly that you traded a market of stocks, but had no idea what the market was doing. Equally silly is to scoff at those expecting a carbon copy of the last two summers, while you wait for your repeat of market conditions from 2002-2007.

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  11. Trading_Nymph

    Random Thought..You know Iran really has power over our elections as strange as it sounds. If they cave in and embargo is lifted, then Gas Prices drop big time and Obama looks like a hero…fwiw, sort of strange set of facts.

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  12. Moolahheaven

    U do realize don’t you that clarenc Beaks already HAS tmrws number…

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  13. m1illion

    The job number could be zero, no QE3.

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  14. Sur Platonic Platueu Du Tecnocrats, B.R.A., D.J.D.
    Sur Platonic Platueu Du Tecnocrats, B.R.A., D.J.D.

    Job numbers PLUS dividend pay out may make 7.6 a decent day to enter $GIS.

    Target’s near $42-44.

    Trade this and the recent farmer drought may cause $GIS to file a BK. You may lose money and go granola (no Birkenstocks).

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  15. The V.King

    8.2% Ha….VIXY!

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  16. hitter

    CMI? looks lower. NAV not throwing in towel and adopting CMI engines? Is this meanigful (other than -$3 to $4?

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  17. TMoe

    CMI ouch!

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  18. Cascadian

    CNBC now airing 0bama campaign speeches.

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