20100903 2109 Those that underweight or short equities.... based on presumption of pie in the sky so called 'weak economic growth' for the US economy (2H 2010) are under pressure again. 1 min and 30 min NQ futures chart, 30 min JPY futures chart. The latter is collapsing as the shorts scramble to cover short jpy positions, it would seem the risk trade is back on!
We don't know whether to love or hate economists like Roubini, hate them for want of ludricous forecasting or love them for giving a contrarian heads up to trade positioning...
Non Farm Payrolls Jobs lose -54,000 less than expected, but 67,000 private sector jobs created
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