Yesterday before the close Meredith Whitney's interview on CNBC was bandied about.
This morning it was Pimco's McCulley.
And today, in the final half hour, it was "the accident waiting to happen," Mr. Greenspan.
I said this morning to go and buy bonds and flip them into the unemployment numbers tomorrow.
And without the fantasy jobs by the BLS in the birth-death jobs in tomorrow's number, expect that rate to go higher again. You'd have to be a buyer of bonds today, and flip them on the number tomorrow.
It will be a heck of a trade.
But let's look at what Greenspan said. He said that we were in a "once in a century" crisis. He then said that the odds of a recession were 50/50. Huh? Did anyone catch that?
We've had 21 recessions in the last hundred years. So we get a recession every 5 years, yet the odds of a recession are only 50/50 in this "once in a century" crisis?
Forget what the bears say. This game is played to make money. So tomorrow, you buy stocks on the sloppy job numbers, and you sell the bonds you bought today.
How tough is that?