Posted at 5:22 am by John Galt (tongue in check)
Wow. That Cramer guy is everywhere. Well, this is what I expect the markets to do today. There is every indication that we have a bloodbath about to occur and the crater this one leaves could give Obama carte blanche to do “whatever” to solve our national ills.
Be scared. Very scared.
As I type this early morning, you have everyone focused on the unemployment numbers. My guess is they will be substantially worse than a loss of 700,000 then again we have to remember the BLSBS factor which allows them to manipulate the birth-death model and create jobs out of thin air. If there is an “add” of any jobs on a theoretical basis in any area other than government jobs, then you know the numbers are bogus. When you want to see the real numbers remember to refer to table A-12 line U-6 which measured 13.9% for January and over 17% per www.shadowstats.com when you add the 1099’s unable to find employment (Kudos to John Williams for adding that calculation). full article
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