The collision of global markets and social mood

Friday, April 4, 2014

Government Numbers . . .

Jobs Friday. Number is out at 8:30 am EDT. Number is government supplied. Number is subject to massive revision later. Number is useless.

Consumer Credit at 9:00 am EDT is only slightly more interesting. But still another government number.

What interests me are the market levels. Nothing much has changed. Yesterday was looking for 1880 area and got to 1882.65. 1903 still remains above. 1873 area remains below.

The buy on UVXY looks like 54.50.

The pundits are once again worried that too good a jobs number could mean quicker Fed tightening. Pathetic. Good news is bad news only because the Fed is in charge.

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