The unemployment number came in around 85,000, about 10,000 higher than consensus. Unemployment stands at 6% the highest in about ten years. $SPX futures are down about 12 handles.
On a relative basis, natural gas acted well yesterday and it looks steady again this morning. Interesting.Names to watch there are APA, APC,and XTO.
I will check in periodically if I can find the time. It should be a wild one.
Friday, September 5, 2008
Paramedic!!!!!!
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About Me
- upsidetrader
- I am a former hedge fund manager, broker and capital markets dude who now trades for his own account. I love what I do. I will try to post some stocks and an occasional chart that looks attractive for entry.I will also try to point out the idiocy of conventional wisdom and the lack of value added by the mainstream financial media. These postings should not be viewed as recommendations.
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