payrolls up (lol)....qe must be on its way out right?
i think they have to stop QE if employment is exploding in this country the way cnbc is plastering it as a huge win today. When benny said hes tapering soon....i think he meant it. Is that good or bad for stocks? It seemed like 100 pt drop on the SP when we first said it so.......ok good luck.
Make sure you dig into the numbers. Unemployment isnt going down, underemployment is going up, "hospitality" gained almost 1/2 the jobs (you know what i mean, all those FULL TIME $30/hr full benefits jobs folding towels at resort hotels we are desperate to create here)
Heres one for you CAT fans that should have you asking yourself about how well the growth model is going in this country
"Employment in most other major industries, including mining and logging, construction, manufacturing, and transportation and warehousing, showed little change in June."