Non-farm payroll numbers are due out Friday morning before the opening, meaning we can look forward to the comic spectacle of investors pretending the data mean something, and analysts acting shocked if the numbers fall outside of their dartboard estimates. This game is almost as idiotic as the one in which participants try to second-guess the Fed as to how hawkish or dovish Yellen’s next emanations will be. They make the Kremlinologists who once pored over Pravda‘s photos of the May Day parade look like scientists in comparison. Try to straddle the bet and you’ll discover that options market makers are the only ones who have handicapped the outcome correctly.
