9.05.2008

PRE MARKETS


Job numbers came in almost as expected at -84,000, the problem for the traders was the 6.1% unemployment rate- and a revision of the June number to -100k from -51k.


Markets set to open way down again but trading off the worst levels of the pre market session- my take for now is this lower open will get bought- not going all in at the open - but probably before too long.


Other news- $$$$ heading lower with gold now trading +$16 at $820 and Crude near the flat line at $108 - EURO up to 1.433 after trading as low as 1.419 a short time ago- I guess the question is which economy is worse.


0 Comments:

Post a Comment

Subscribe to Post Comments [Atom]

<< Home