RECENT POSTS
- Web Extra: The Final Trade
- Buying Fear: How to Own Volatility
- Burned by A&F, Alcoa & More
- Chartology – The Stocks/Jobs Disconnect
- The Latest Picks That Paid — Friday, November 6
- Pops & Drops: Burlington Northern, Starbucks, Kraft...
- Time to Trade on Unemployment
- BEHIND THE MONEY: Don't be Fooled, Jobs Matter to Stocks
FAST MONEY FEATURES
FAST MONEY POLLGet in the post game. Respond to our "Question of the Day" right now.
TRADE SCHOOLGrab a pencil because school is in session and the Fast Money traders are teaching class.
FAST MONEY PODCASTSDownload Fast Money onto your MP3 Player.
FAST MONEY WIDGETGrab this all-in-one application and get recaps of the show sent right to your desktop or blog.
SHOP FOR FAST MONEY MERCHANDISEGet your game on with Fast Money gear.
FAST MONEY PHOTOS!Check out our scrapbook. These "pix" are guaranteed winners.
NEWSLETTERSign up and receive a recap email every Friday after the show!
FAST MONEY MOBILE ALERTSGet advanced information about the next Fast Money.
Text Size 
 |
If you’ve got a job hang onto it with both hands. That’s the growing feeling among many Americans. Layoffs seem to be making headlines almost every day. And it could get worse before it gets better.
How Many More Job Losses?
Late words suggest that Friday's government payrolls report could exceed current expectations for 320,000 job losses in November.
Mike Darda, MKM Partners chief economist warns investors to be prepared for as many as half a million job losses in November.
The data giving him, and many other economists, cause for concern comes from the Institute for Supply Management which said its index of non-manufacturing businesses dropped to the lowest in the survey's 11-year history.
"This is consistent with payrolls falling by about 500,000; let's hope it is very wrong," said Ian Shepherdson, chief U.S. economist at High Frequency Economics in Valhalla, New York.
Market Reaction
If Darda and Shepherdson are right, then look out below. “The market could experience sticker shock” which would send indexes tumbling.
However, Tim Seymour sees the situation a little differently. He thinks the market has already priced in a lot of the bad news. He says, if the number comes in around estimates the market could rally a bit.
Going forward?
Darda tells Fast Money that he expects unemployment to climb higher in 2009. “The best case scenario in the next 12-18 months will be unemployment being slightly higher than 8%,” he says.
“You navigate it through time,” he tells the traders. “It’s just going to take time for the unbalances to unwind.”
For the investor, that means to be conservative. “I think you want to be defensive in terms of your sector selection.”
You can find our entire interview with Mike Darda at the end of the Word on the Street video.
- Web Extra: The Final Trade
- Buying Fear: How to Own Volatility
- Burned by A&F, Alcoa & More
- Chartology – The Stocks/Jobs Disconnect
- The Latest Picks That Paid — Friday, November 6
- Pops & Drops: Burlington Northern, Starbucks, Kraft...
- Time to Trade on Unemployment
- BEHIND THE MONEY: Don't be Fooled, Jobs Matter to Stocks
- Halftime Report: Wal-Mart Poised for Breakout
- Your First Move For Friday November 6th
______________________________________________________
Got something to to say? Send us an e-mail at and your comment might be posted on the Rapid Recap. If you'd prefer to make a comment but not have it published on our website send those e-mails to .
Trader disclosure: On Dec. 4th, 2008, the following stocks and commodities mentioned or intended to be mentioned on CNBC’s Fast Money were owned by the Fast Money traders; Macke Owns (MSFT), (WMT), (UUP), (MCD); Adami Owns (AGU), (BTU), (C), (GS), (INTC), (MSFT), (NUE); Najarian Owns (FCX); Najarian Owns (NUE) And Is Short (NUE) Calls; Najarian Owns (CIT) Calls; Najarian Owns (SBUX) Call; Seymour Owns (AAPL), (BAC), (BX), (F), (MER); Seygem Asset Management Owns (RIO)
GE Is The Parent Company Of CNBC
CNBC.com with wires
Data is a real-time snapshot *Data is delayed at least 15 minutes