Definitely, the job data are bad, worse than my expectation, but more importantly, how will market react?
I think today is likely to be a sell-off day at first. It looks like most people think DOW will test previous low 11634 and many think 10800 is in the cards here. Yes, this might be possible but only god knows.
What do we do?
Recalling yesterday's market, we may have another round of sell-off for financial stocks, so is it time to fish some financial stocks? I would say, no stocks now.
"If you have short positions, you may buy some calls of financial stocks to hedge"
Please note, option play is NOT suitable for beginners. If you are beginners, the strategy will be, to buy some my commodity picks on the spreadsheet in any huge market sell-off, which is more than 1000 dip from its recent high. This time is 11600. Just be prepared with cash for 10800, if it really happens, this is probably one of the best opportunities in next 5 years for you to buy stocks.
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