Condor Options

Friday Morning Data

The unemployment and nonfarm payroll numbers have just been released, and they were worse than expected.  Reaction in the futures was negative: just seconds before the data was out, Dow futures spiked to +70, and are now sitting at about -20.  Rick Santelli (the only credible person on CNBC): “This is the worst headline jobs number since March 2003.” But as we mentioned last night, even though there’s a lot of chatter about how important these data points are,