Friday, September 04, 2009

The Market On Friday

At 7:50 a.m. futures are moderately up.

Wall St never ceases to amaze. The big number for job losses in August is expected to be revealed shortly.

Here's part of the skinny. Because its a three day weekend, many have already taken off for a longer holiday. So these investors are not so immediately affected by the job loss numbers. This could play out well or badly over the day. We could have a volatile day with light trading or a calm day with appealing numbers.

Here's one important piece, oil is slightly up.

Reuters: Stock futures edge higher ahead of jobs data
U.S. employers are expected to have eliminated 225,000 jobs last month, down from 247,000 in July...

2 comments:

Glynn Kalara said...

Job losses are slowing because there are hardly anymore to shed not because employers wouldn't fire more people, they can't and still operate.I know so many people now working 3 people's jobs at their work sites. This is how they lower your salary they work you to death instead for 1/3rd the price. Plus, the people left with jobs are scared shit less and many know they're walking on a cliff edge.

Jim Sande said...

Yes, the screws have come down all around. People who have jobs are working harder and everyone is worried about getting laid off.