GOIH Capital Markets: Equities and Indices Positions.

We are looking at taking short positions in the consumer retailers on the open.

We are also reviewing taking short positions in GS, MS, BSC, LEH, CFC, WMT, BBY.


We think today's jobs report guarantees a Fed Funds rate cut maybe before Sept. 18, 2007 FOMC meeting.

We see technology and energy strong.

We see the Dollar weakening against most of the major currencies with the anticipated Fed Funds rate cut. Shorting the Dollar against most major currencies should be a profitable trade in the short term.

We see Gold rising against the Dollar index.