Pre-market spikes are back again. I really wish people would stop shorting and then getting squeezed when mildly positive news comes out. Today’s excuse is the January jobs number. Just the other day was the read on Q4-GDP, not a good number. Ignore the bad news and embrace the good news is what markets do more often than not. The Dow has a date with 14K. Then we can worry about the fallout.
A link from an old post on the derivatives notional principal just resurfaced. I should shown it to you when we started talking about it. Here it is.