OptionEye...Mar 8th

[ShelladyOptions]

Good morning.

Well. Nothing to see here. Non Farm payrolls come out better than expected and drive the unemployment rate to 7.7%. I guess everything is all right we have nothing to worry about.

I wish.

On to the WASDE. Lots of talk of big South American numbers. Traders getting spooked on not much info and we still have to go through planning intentions on the 28th.

Volatilities in the options pits tell me that not much is expected today. Corn, wheat and bean vols are still pretty low.

Hang on to your hats and have a good Friday!

[Buckley_HF]

Good morning Scott. I see another 130k dropped out of labor force in Feb. Where do we stand on the participation rate and how does that number stack up historically? Can't wait for the circus at 11 this am. Have a good one.

[Wolfcat9]

Here is in interesting article with the participation rate chart.

http://www.thestreet.com/story/11862236/1/losing-jobs-and-lying-about-it-opinion.html

[Palouser]

Scott, you sound very disappointed w/ the economic numbers that came out