Non-farm payroll numbers are due out Friday, and it looks like DaBoyz are fixing to use the alleged news to put the squeeze on bears. This is not to imply that I can guess whether the numbers will be bullish or bearish. In fact, pretty much all economic news these days is treated as bullish. Lest we get caught up in the frenzy that statistical navel-gazing tends to stir up on Wall Street, however, we should ask ourselves why anyone on earth should possibly care about payroll data. The fact is, no one actually does — except for newsroom flunkies, economists, MSNBC talking heads and assorted other knee-jerk artistes. But that doesn’t stop institutional traders from going bonkers every time the NFP datum is announced. They’re simply frightened by the thought that competitors might get the jump on them by buying the alleged ‘news’ first. _______ UPDATE (June 3, 11:40 a.m.): And go bonkers the traders did, although the move in stocks was down rather than up. This is ostensibly because ‘bearish’ payroll ‘news’ has caused the Fed junkies to reassess their expectations of tightening this summer. Things will be back to normal next week once this shakedown by DaBoyz has run its course.