Wednesday, May 2, 2012

Jobs Report Fear

The market is providing another entry point for getting long.  The correction that lasted 2 weeks is now over, but it shook up a lot of bulls.  We now have a wall of worry which we will climb.  The expectations for the nonfarm payroll report are being lowered, and I would not expect a weak jobs number to keep the market down.  On the contrary, it would be a time to get long on a bad number.  We are about to launch into the final thrust higher of this bull market, it will squeeze any remaining shorts and will be concentrated in the outperformers, mainly tech. 

6 comments:

Anonymous said...

MO: What about "sell in May and go away". This month has been historically very bearish.

Anonymous said...

What's about with HLF dawg?

I read the story. David Einhorn (I think I heard of him) asked some basic questions but because it was he who asked it the stock tanked 20%.

Is real basis behind the sell-off?

Looking at Jun 55 calls.

Anonymous said...

Holy shit. Look at GMCR.

PWAHAHAHAH.

there's gonna be good money to be made.

Never bet on earnings unless the stock is in the shit tank prior to the release.

LOL!

Market Owl said...

I think seasonality is way overrated. Unless you are talking about the first day of the month or around major holidays, it is almost meaningless. Just because the last 2 Mays have been bearish doesn't mean they are all bearish.

HLF has been exposed as a potential fraud. If you want to walk into that lion's den, you do at your own risk. David Einhorn is not a billionaire by mistake.

Market Owl said...

GMCR is a stock that David Einhorn is short and EXPOSED. LOL.

Anonymous said...

Yeah, HLF is too high to buy calls here.

I will just watch that one.

GMCR on the other hand, I read the earnings. Not too bad. Not bad enough for a 40% haircut.

This thing seems overdone at 30 bucks.

It will probably drift to high 20's in the next couple days because the chart is broken.

But this is a buy probably.

You gotta learn to be like David Einhorn dawg.

Unmask these fraudelent highflyers for the POS they are.