Friday, March 04, 2005

The Jobs Over/Under

Barry Ritholtz has something worth reading for econ-geeks about how for quite some taking the "under" position relative to the consensus forecast by economists has been a very good bet.

Today the jobs number was quite good, and the over bet would have been the right one. However, apparently the currency traders were heavily betting not on the over position, but on the WAY over position.