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First move is often the wrong move



Adam Brodsky is filling in for Toddo today. he will return to his usual post on Monday.

The numbers are out folks and they seem a bit light. From the trading perspective it is still too early to tell what kind of an impact this will have on the equity markets. Lots of emotion is out there and it will take the morning to work it out. The initial move was to sell the futures but they have firmed a bit here. In regards to these economic numbers, someone once said that the first move is the wrong move. Let's see if that proves true today. Be back soon.

No positions in stocks mentioned.

Todd Harrison is the founder and Chief Executive Officer of Minyanville. Prior to his current role, Mr. Harrison was President and head trader at a $400 million dollar New York-based hedge fund. Todd welcomes your comments and/or feedback at

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