Fun Friday?

The beefers might romp and kick the market around today, as the employment number might give them a chance. Here's why:

A high number of new jobs implies a stronger economy and less chance of a Fed rate cut.
A low number implies a weak economy and possible negative economic momentum.

In either case, I would expect real buyers to pull bids and wait. So beefer shorts can press the market down without resistance.

A middle number - that's 25,000 to 75,000 this month in my humble opinion - will keep the real buyers in the game and might take us up as the beefer shorts cover.

Oil is strong. Gold is strong. Gasoline demand is about equal to 2006 lately. Perhaps the public is slowly cutting a little.

Elmer is blabbing to sell his book & get speaker fees. Sheesh.

It's obvious the economy is and has been slowing for months. Unemployment is a lagging indicator. Fed policy takes months to have an effect. If they were private sector people with a bonus at stake, they'd have already cut based on the inflation data.

But the Fed officials draw a government paycheck and are out of touch with the common man. They have a statutory mandate to maintain maximum employment with price stability. Part 2 has worked. Will they fail on part 1?

My iPhone is working out well. I like it. I put all my stocks into it yesterday, so could check the prices & charts [yes, charts!] on the sheep field :-)))

I just touch the screen to pick a stock and it's chart comes up for various time periods - day, month 3 months, year, and more. Very nice!

I have a lot to learn to use it better, BUT I am not suffering from buyer's remorse.

Hmmm and Steve Jobs is giving me $200 back since I bought it within 14 days of Wednesday. Great!!!

PS: I wonder if some of the OPEC and Russian petrodollars that I have speculated here about being withheld from the Eurodollar markets are being redeployed into gold? Gold sure is strong. I know it's the beginning of physical demand season. I'm just wondering if the Eurodollar weakness is another sign of some other demand showing up.

PPS: Horrible jobs numbers and big negative revisions in prior months. Sighhhh. The Fed is proven wrong again. AGAIN they forgot their cuts have a lagging effect and they are now three months behing the curve.

P^3S: The Fed should have began cutting in June or even earlier. I don't understand how they can get their butts kisses by so many talking heads and be soooooooooooo wrong.

P^4S: The employment is a lagging indicator, so they are so behind it's sickening.

P^5S; So the Fed gets an "F" for benchmark #2. Uh, I think some of THEM should be laid off.

P^6S: Uh, if you can't guess, I'm VERY ANGRY with the Fed. They have screwed up again and are hurting the common man.