Posted At : April 1, 2010 12:15 PM
As the country sleeps in, thanks to the Good Friday holiday (for people related to the financial markets that is), the most important economic data since the beginning of time (as the media would have you believe) or at least since Claudius Nero Caesar announced the State of the Republic, will be released.
At exactly 8:30 a.m. Eastern time, the nation’s employment numbers will be made public, resulting in the biggest evidence to date of whether the stock market has accurately predicted that the economy is improving, or whether the economic groundhog sees his shadow, leaving us with more nasty weather ahead. The consensus is for an increase of 190,000 jobs last month. There is a caveat, however: the government has hired a legion the size of the Roman army to scour the countryside in search of every American. If the number is greater than that, the rally will be deemed justified. If it comes up short, there will be hell to pay.
-Keith Springer, radio host of Smart Money with Keith Springer