The Unemployment numbers are out and the rate increased up to 9.7% up from 9.4% last month. The number of people filing for unemployment claims though, was less than expected, mitigating the other overall percentage number. So the S&P is quietly up 2.25 points at 1004 as I write. Ho-Hum. Now everyone will be heading out to the golf course for the long weekend. This could end up being a very quiet day. We will stay will our short futures and short put option position for now.

Sep. 4, 2009
David Hall