Job report, does it matter?

Consider today a vacation day, because, tomorrow will be a day with firework.

It is hard to have a full time job and trade, especially, when in a day like today, you are forced to sit in the meeting all day.  You can trade hiding behind the walls of  the cubicle, but how can you trade when you have to interact with others.  and unfortunately, I will have meeting tomorrow when market opens, hopefully, I can find a good seat.

The quiet day provides a preview of tomorrow, it is like the calm before the storm, many people choose to sit on their hand today,  the volumn of both NYSE and NASDAQ are light.

But does it really matter ? Does the job report really matter?

The job report matters because it is believed to be the single most important information that can sway FED. But when market have made its mind, sometimes, even a report is as important as job report will not change that.

The Street is expected 110,000  new jobs and unemployment rate at 4.6%.   

if the news media is right, then, there are should be a lot of loss of jobs in housing, financial sectors, it is very likely that the report would weak.

but what if the job report is strong, well, even though bear could say the hope of rate cut dashed, the bull could argue a strong job market could help a slumping housing market.  

So, it is always a glass half-empty or half full kind of scenerio.   Rarely, you will have a report that so conclusive, and I do not expect tomorrow will be any exception.

 Given all that, I do expect a better day tomorrow,  but who knows, your guess is as good as mine. so, let's hope