GROWL: What will the Ministry say?

Update and Bump: OUCH! is right.  And that number (+431K) is even worse when you do even the slightest little bit of digging.  No doubt about it, and no way to spin this away (though the MSM is certainly trying their darndest), this is a f-u-g-l-y number.

Original post:

Well, everyone is waiting to see what the Commerce Department – also known as The Ministry of Making S*** Up – has to say about Non-Farm Payrolls (NFP) this morning. Expectations are for a “blow-out” number of +700K, though Government Sachs seems to be hedging on that a bit and even FinViz is currently showing an expectation of +500K.  I suspect that’s the number that is already baked into the cake of our ludicrously inflated equities markets and that anything “surprising” will either lead to a massive plunge (if it’s a downside miss), triggering the FedCo Plunge Protector 10K, or a massive surge (which will, of course, not trigger anything other than massive back-patting among members of the Administration).

My guess is that we’re going to see a print of +700K and it will be almost entirely BS.  If it comes in at anything less than +500K though, look out below.