Online Stock Trading | Stock Traders are waiting on the Jobs Report

Stock Traders are waiting on the Jobs Report


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Volume again fell across the board, bets simply aren’t being made by institutional buyers.  Looming is the March Non-Farm Payroll numbers set to hit Friday at 8:30am EST.  Bloomberg’s survey has economists looking for a loss of 50,000 jobs while CNBC is reporting a loss of 60,000.  Thursday’s action simply illustrates that this so called “bottom” is shaky at best.  The lack up upside volume, accumulation this “bottom” will remain suspect.

There are far too many problems remain in the market.  For one, leverage, firms are tightening the reigns on leverage.   No longer will a hedgefund be able to leverage themselves 30 to 1 like Carlyle.  You can expect banks and prime brokers to reduce their lending operations significantly.  Not just the amount they are lending but to whom they are lending to.   This process doesn’t take overnight like the BSC mess and whose to say that saga isn’t over?  For a practice that has been used since the beginning of this decade, it seems odd that within 1/6 of the length it can be fixed.  Does that make any sense?  To me, it does not and it is why I am overly cautious with any position I take.

Cash is King and wait for some nice chart patterns to tighten up and breakout!

Market Speculator

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Comments

2 Responses to “Stock Traders are waiting on the Jobs Report”

  1. How much money do I need » Blog Archive » Stock Traders are waiting on the Jobs Report on April 4th, 2008 7:04 am

    […] Dr PennyStock wrote an interesting post today onHere’s a quick excerptVolume again fell across the board, bets simply aren’t being made by institutional buyers. Looming is the March Non-Farm Payroll numbers set to hit Friday at 8:30am EST. Bloomberg’s survey has economists looking for a loss of 50000 jobs … […]

  2. Stock Market » Stock Traders are waiting on the Jobs Report on April 4th, 2008 6:26 pm

    […] Market Speculator wrote an interesting post today on Stock Traders are waiting on the Jobs ReportHere’s a quick excerptThere are far too many problems remain in the market. For one, leverage, firms are tightening the reigns on leverage. No longer will a hedgefund be able to leverage themselves 30 to 1 like Carlyle. You can expect banks and prime brokers … […]

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