The Morning Morsel-Romer Out

Posted by UpsideTrader
on August 6th, 2010

Chrissie Romer took a nail gun to the forehead by the administration on the same day one of the most important jobs numbers gets released.

Chrissie wants the San Francisco Fed job, but the backroom chatter is that she was at constant odds with Summers, Geithner, Obama and Axelrod and Co. Romer was one of the architects and supporters of the porkulus package and pretty much guaranteed an improvement in jobs as a result. Didnt happen. She was pushed out, now the geniuses from the halls of academia have someone to blame for pissing away a $trillion with no result.

The jobs number is upon us and the mentality seems to be leaning bearish, anything can happen today though, so things will certainly be interesting…and volatile.

We had another great day on the Premium Site yesterday, some winners included:

SEED +8.5%, POL +4.8%, CAT +2.6%, CMG +0.6%

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