Thursday, May 7, 2009

NFP day-

Two economists meet on the street.
One inquires, "How's your wife?"
The other responds, "Relative to what?"

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Thoughts specially for traders who've been in the battle for the last few weeks:

"Genius is only a greater aptitude for patience."--
George-Louis Leclerc de Buffon ('Buffon's needle problem' came from him, he is one of few Frenchmen I've appreciated.)
"The two most powerful warriors are patience and time."--
Leo Tolstoy (Brilliant inveterate gambler who wrote War and Peace)
"I am extraordinarily patient provided I get my own way in the end."--
Margaret Thatcher (I wish she were our president.)

Later this morning we will have the NFP (Non-farm Payroll) news. Perhaps that will trigger some OneNightStand trades. I wouldn't be surprised if they find out that projected job losses aren't as bad as they've thought.

More later....

JR

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