Friday, January 09, 2009

Payroll Day

Ten minutes until the jobs number hits the wire....

Average forecast is for a loss of 525k jobs lost. Don't be surprised by anything +or- 75,000 jobs on either side of that number.

In fact, much of this bad news is already baked into the markets expectations. Unless there is a meaningful number outside of this range, it may be non-event (or even cause some to buy the market).

Follow-up coming....

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