Well today we got what was explained in the market. Fear of tomorrow's job numbers had the bulls on the fence after a two day run up. My thoughts here is definitely neutral and I will be looking at the futures very closely overnight to see if it gives us any indication on where they want to push us after the numbers are released. One thing I know those job numbers wont be pretty.
Early next year will not look good and I strongly believe christmas sales will be horrible and the lay offs will increase especially in the first three months. Neutral here right now till be get past that number tomorrow for sure.
If we gap down tomorrow on the numbers I will be looking to sell those SDS shares at a profits. I should have played the options but decided to change it up alittle.
For those with 401k and IRA please email me because I have some way to grow them for you.
Marketjedi@gmail.com
MARKETJEDI
Thursday, December 4, 2008
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