By: Scott Redler
At this point–WHO CARES–the numbers and the fix have been in all year.
Yesterday the market failed when the banks could not hold the big gap up. We definitely saw some technical damage. Lots of shorts are trapped again as there was a slip that the unemployment rate would be worse than expected–what a surprise, it was better!
This is not too different that when Goldman leaked that the GDP would be worse–and it was better.
Anyway, 1,113 on the S&P has been the “don’t pass line”–let’s see if the market can hold that this morning.
Gold getting hit this morning–guess it’s not going to $2,000 tomorrow.
Sorry for the limited note- but we had our Holiday party last night- and I will be on CNBC 11:20 discussing the ramifications of a trader tax today.
If you have any thoughts or bullets that can help me today- please send me some notes
Have a great weekend!
