With the latest unemployment number being 431,000 jobs created, of which 411,000 were census workers. You think everyone would be happy. That is still job creation.
Why the sad face on the stock markets? Because within the 431,000 jobs was another group of people. The birth/death folks who added over 150,000 jobs to the number also. Who are these birth/death folks you ask? The are a product of the imagination of the BLS (Bureau of Labor Statistics) who make the assumption that more businesses are being started in a recession that companies going out of business (Completely backwards in reality) but the BLS doesn't need reality. Reality is whatever they say it is and they have a job which is to paint a economic picture much brighter than the "Reality".


Why the markets have started their decent back to lows?
A wise man said, "The hardest thing to do is pay attention to the obvious!"


Unemployment getting worse;
6 months of housing FALLING in prices;
GDP coming in lower than estimates;
Manufacturing Lower;
Consumer Spending Lower;
Lending still non-existant;
Housing purchases bottom of the barrel;
Housing inventory and huge levels not seen since early 1980's glut;
Europe blowing up;


What else do you need to realize the lie of 2009. The eye of the storm as I've called it for the last 3 years and the fantasy is coming to an abrupt end.


They will call every result that comes in negatively as "Unexpected". For those reading and following this site, you all have been expecting these results and hopefully took my advice and got out of the markets back in between January and April 2010 and are now sitting on the sidelines watching the train wreck. Pull out your popcorn, the train wreck is getting worse!