(NYT) There are clear signs that world economy is turning up, or at least not sinking further, but today’s jobs report is not a bright spot. The unemployment rate went down, from 9.5 percent to 9.4 percent, but that is statistically unimportant given the sampling error in the household survey. In any case, it fell not because more people said they had jobs — employment was down in that survey — but because fewer people were still looking for work.The spin in the media make me nauseous. They twist and turn data to make crap look like cupcakes. Any human with at least 3 braincells left need only walk around their town to be able to tell that there are still a ton of folks out of work. I have folks sleeping in the park in my town and I live in the suburbs. And I read an interesting article at Zero Hedge that claims the Fed is pumping TARP money through its international banking buddies back into the stock market to give us this phony baloney rally so all the retail chumps buy back in to allow the banks to cash out of their crap leverage deals at which time they will pull the rug out and ... well you know the rest of the story. Crazy but it makes logical sense.
Anyway we went way up into the Romulan galaxy in today's market move and I am having a hard time breathing. I guess you can buy a butt load of stocks for 2 Trillion bucks. No picks for Monday so relax over the weekend and go out and buy some more ammo, you can never have enough! Todays post title credit goes to a regular reader, R.N. you know who you are.Good Luck.
