Non farm Payrolls in the morning, we grabbed a Sept 169 Put call on SPY for this all important number. Stocks are at all time highs and the WORLD is anticipating a solid jobs #
based on the past couple of days numbers out of the US. I believe the
markets are setting themselves up for a major disappointment and I would
not be surprised if we get a much weaker than expected job number early
Friday morning. Here is some food for thought, the FED was terribly
bearish yesterday, does anyone not think that they do not know how the
job number is going to be? Again, I could be wrong, but I have been
around long enough to know better. If we do not get a number close to
200,000- watch the dollar come unraveled and GOLD fly! $1350 is a possibility and a GDX of $28 or $29
To Taper or Not To Taper-A Complete JOKE and with STOCKS trading at all time highs currently,
I think we should all expect some great volatility in the coming weeks
and months ahead. Things are not as good as what we are being led to
believe!
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