Thursday, May 7, 2009

NFP day-

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


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....


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