I'm Stunned!

The most common quote on the Squawk Box panel after the Job’s report. All of our Fed pollyanna panelist were stunned when the 18000 number was announced. Not only this number but the downgrades to previous months were also slipped in. Yes Houston we have a problem. Of course “doom and gloomers” have been castigated for saying that “things are bad” and “getting worse” for quite sometime. Even though many/most data points have supported this….the market has risen. These type of numbers are hard to rip into a positive especially after a 1000 pt DOW straight up move. At least now you can understand why the market was moved up prior to these numbers. The question is WHAT NEXT? Are we back on the big slide down to retest lows? Should you be on the short bus for the cashola? Gold and Silver are up premarket in anticipation of the pig money printing/stimulus sure to come. I think this also puts the current “susterity negotiations” into flux. It’s going to be hard for the republipukes to hold to austerity with the country collapsing and the demidumbs will have renewed wind behind their side to push the pork. Of course I am in the camp the whole game is rigged already so whatever was going to happen is already decided. If you noticed the 800lb gorilla in the room that is NEVER even mentioned to cut is the Military Industrial complex with it two WARS and 800 military bases in 125 countries. BTW can you imagine bring home the boys into this economy. I wonder what might happen to the POLS. Of course once the peeps start to get restless the troops will have something to do when they come back home.

Watch the behavior of gold today. If we stay bullish then we have convoy ahead. This game is just hetting started on this run. Its money printing gang. MONEY MONEY MONEY. gl all

Read more at Great Depression 2