Out Of Order

I have a short week because we are hiking the Grand Canyon on Friday (we live two hours away). I wanted to chime in on the jobs report coming on Friday.

On Yahoo Finance it says Briefing.com is looking for -200,000 and under the Market Expects column it says -150,000. Nothing in the number would shock me, I would also expect heavy revisions to the number next month. While the market might react to the number this should not have a lasting fundamental impact on anything. At least I don't think it will.

On a separate note Richard Fisher is one loose cannon, or at maybe that's just what is being portrayed but has there ever been a regional Fed President that moved the markets like this guy? His ninth inning crack on squawk box moved the markets one way a few months ago and they went the other way on Tuesday.

The stock and bond markets are clearly pricing in some new thoughts about the Fed. The move in stocks, though, could have been partially attributable to some sort of unwind of the quarter end......on a delayed basis?

Who knows, but the trade was so sharp that it may turn out to be an overreaction. I have to admit that this is hard to get a handle on.

I had this comment left last night in response to my oil post from David at Dismally;

Roger, according to the CIA Factbook, the calculations don't look good for oil. Looking at an increase of .5 barrels per capita increase in oil, that puts daily demand around 365K per day. We can't get the Saudi's to raise enough as is. This would kill the world economies if this increase were to occur. Sadly, it's very plausible.
Gulp.