The unemployment figures are due out today.
Its all about how bad the figures are. If there is a slight reduction in numbers, ironically this is viewed as good news. We do not expect layoffs to dry up anytime soon.
Let's state the obvious, a lot of people are out of work right now and their ranks are swelling. The data will be out at 8:30 AM.
Futures are correspondingly down for the day. We are all feeling a bit queasy.
Lately I've taken to keeping smelling salts close at hand.
CNN Money: Stock futures slightly lower ahead of an expected dismal reading on employment.
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