RE: [RT] Ready to turn?

[Pete Lieber <plieber@xxxxxxxxxxxxxx>]

 

Tomorrow at 8:30 am November unemployment figures will be released and the consensus is a loss of 325,000 more jobs.  This, I assume, is the number the market has factored in already.  It seems like every economic forecast the Fed has made lately has been more optimistic than the actual reported numbers.  Given that fact it seems likely that the actual report will exceed 325k.  If that happens the market, if it follows past scripts, will open lower tomorrow morning, which then will be followed by a slight rally.

 
 
 

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To: realtraders@xxxxxxxxxxxxxxx
From: roncer@xxxxxxxxxxxxx
Date: Thu, 4 Dec 2008 11:09:16 -0500
Subject: [RT] Ready to turn?

Ben,

 

    I am looking for a turning point today or early tomorrow.  What do think, is ready to move lower?

 

Ron 

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