I felt yesterday like someone jumped out of the boy and shouted: ” you’re punk’d.!”. Some thing like in this video (fast forward to  1.38):

Shorts got caught in the bear trap, I along with them and I ended where I started with my positions on stop loss orders. Good thing the weekend is coming.

Yesterdays jobless claims came out at 530k vs. 525 consensus and 531k the week before. No sign of slowing down.

Asia closed positive, Europe opened marginal lower today, probably a slow day ahead after the blast yesterday.

This entry was posted on Friday, October 30th, 2009 at 2:52 am and is filed under Markets. You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.

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