The Jobs-Report Black Box: It's Game On
A small secret worth sharing: I operate in the financial Twilight Zone as a rogue agent who must do battle with many formidable, ever-changing foes. Time is a foe: You pen an opinion at 8 a.m. EDT and it stands to be utter rubbish by the session open. You make a stock call on Feb. 6, 2012, and it's sucked into a Google (GOOG) loop, never to disappear. You miss a sliver of daily trading action, and the ensuing few weeks could make you appear dumb.
Luckily I am mentally tough as nails -- 'cause, lemme tell ya, it's fierce out there. One of the most difficult things for me has always emerged on jobs-report Fridays. On Thursday night XYZ seems valid -- yet, after the employment figures, the view has become completely off-base, or far enough from the mark to prompt one to head back to the drawing board. So, henceforth, on each jobs-report Friday there will be a "Black Box" column -- a chronicled collection of before and after thoughts on the market and its direction....690 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
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