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IBDvalueinvestin (99.68)

Anyone shorting stocks today ahead of Jobs report Friday?

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February 02, 2012 – Comments (1) | RELATED TICKERS: QQQ , SPXL , SPY

Seems pretty naive in my opinion to short now with the trend in the jobs numbers strongly favoring longs.

Shorting ahead of the jobs numbers in the past worked like magic only because the trend was on the way down. That trend has now reversed and shorting ahead of such reports is dangerous to your portfolio.

1 Comments – Post Your Own

#1) On February 03, 2012 at 8:31 AM, IBDvalueinvestin (99.68) wrote:

Don't want to say I told you so, but there it is with a massive beat:

 Nonfarm Payroll 243k vs 140k, Prior 200k revised up to 203k ; Unemployment Rate 8.3% vs 8.5% Est, Prior 8.5%

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