Pre-Market:

10.2% — wow. This is higher than consensus estimates of unemployment 0f 9.9% to 10.1%. I can’t image the market today taking this as a positive sign, perhaps another big selloff Friday.

However, the market has been known to throw a curve ball quite often, so I’ll stay away from making predictions. Yesterday I forecast a flat day and it was up 200 points, today who knows.

I am glad I have been actively entering the emerging markets, I am well positioned. I have no problem saying that our economy is struggling and its time our elected officials address it. They have had their heads buried in sand.

I have never been a believer of de-coupling, but it’s obvious to me now that the US has become the “bastard child” of this global recovery.

I am holding a day trade, KFN that I bought 2 days ago, currently up 12.6 % from 5.06 cost. I’ll sell immediately if the profit is not erased in pre-market.

I have a limit order in for IDX at 58.23, an Indonesia ETF – the buy point is close to 50 day MA. No Domestic equities for me, other than sporadic day trades here or there.

Interesting times we live in.

Good news chart-wise? It looks like the DOW has put in a short term bottom, let’s see if it can hold.