Unemployment at 8.1%

The unemployment rate is at 8.1% and the number of unemployed people has reached 12.5 million, an all time record. The number was dismal but futures are up slightly-baked in? We’ll probably have a better picture starting at around 2:30 PM. I could easily make the case for an implosion today and a complete capitulatory move on Monday (what I would love so we could start moving forward), or a huge rally today courtesy of short covering and massive quantities of cash on hand.

I will be posting my moves on Twitter, and as my Dad used to say, “it could go either way.” Gun to my head-I’d bet long today. If the shorts are as exhausted as me, we could see a sweet rally. Good luck.

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