Thursday, March 3, 2011

Market Reaction Cheat Sheet for NFP Day

NFP - non-farm payroll. The announcement of the seasonally-adjusted, birth-death rate adjusted (in other words, duly rigged by the government) statistics on employment for February will be at 8:30AM EST Friday.

Zero Hedge has a handy cheat sheet on how the stock market acts on the NFP day, as I reproduce below. In essence, it can be summarized as: the market direction is up, whether it's a good number or bad number. In other words, BUY BUY BUY.

Zero Hedge's Tyler Durden says even if a nuclear war breaks out tomorrow, it will still be a toss-up.

J.P.Morgue's economist says the great number is in the stars. (Oh brother...)

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