NFP +216,000, Unemployment Rate At 8.8%, U-6 At 15.7%

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Fri, 04/01/2011 - 08:29 | 1124487 apberusdisvet
apberusdisvet's picture

Someone's ass is really sore.

Fri, 04/01/2011 - 08:34 | 1124499 augie
augie's picture

so when does the "mission acomplished!" sign come out?

Fri, 04/01/2011 - 08:37 | 1124510 Captain Benny
Captain Benny's picture

I guess you missed the news.  Here is a refresher from the NY Times: "The downturn officially ended, and the recovery officially began, in June 2009."   The mission accomplished banner already went up before QE-infinity :)


Fri, 04/01/2011 - 10:08 | 1124933 Bubbles...bubbl...
Bubbles...bubbles everywhere's picture

April Fool's Day Bitchezzzzz!

Fri, 04/01/2011 - 12:19 | 1125374 Hard1
Hard1's picture

That's right, April Fools, but they will not tell you it is a joke until next month's revision


Ego can procer valde velox - Bernanke (circa 2011)

Fri, 04/01/2011 - 18:50 | 1126880 ms1408
ms1408's picture

Stole my thunder lol

Fri, 04/01/2011 - 08:36 | 1124518 JLee2027
JLee2027's picture

Why? Is the USS Abraham Lincoln completing a tour of duty or something?

Fri, 04/01/2011 - 08:38 | 1124526 augie
augie's picture

Nope the HMS Hood, and we are all on it.

Fri, 04/01/2011 - 08:58 | 1124642 curbyourrisk
curbyourrisk's picture

They have been carrying that sign around for 6 months now.  Didn't you get the memo?  Benny and the Jets saved the world.....   (He literally said that in August 2009 at the Jackson Hole convention).

Fri, 04/01/2011 - 09:37 | 1124797 baby_BLYTHE
baby_BLYTHE's picture

He also said "Double-Dip" unlikely around that same time in 2009.

Fri, 04/01/2011 - 08:37 | 1124512 AN0NYM0US
AN0NYM0US's picture
Why Unemployment Rose So Much, Is Falling So Fast: Alan Krueger

Fri, 04/01/2011 - 08:30 | 1124489 The Axe
The Axe's picture

dollar up  yen down

Fri, 04/01/2011 - 08:36 | 1124507 Thomas
Thomas's picture

Gold could use some love right now.

Fri, 04/01/2011 - 08:41 | 1124538 Cash_is_Trash
Cash_is_Trash's picture

I shall buy more mining shares on this lovely day.

Risk-return bitchezz

Fri, 04/01/2011 - 08:53 | 1124616 pazmaker
pazmaker's picture

yep >>>usd up eur down  usd up chf down   etc etc etc.   It's early yet but USD maybe making a comeback vs other fiats... until it goes down again!

Fri, 04/01/2011 - 08:32 | 1124490 gordengeko
gordengeko's picture

Spin cycle, rinse repeat.

Fri, 04/01/2011 - 08:32 | 1124491 tmosley
tmosley's picture

How many hundreds of thousands fell off the unemployment roles for THAT improvement?

Fri, 04/01/2011 - 09:03 | 1124660 j0nx
j0nx's picture

Not many if you believe the numbers. U6 has fallen pretty far in the past 6 months. I don't see how but it has. It was close to 17% last fall.

Fri, 04/01/2011 - 09:20 | 1124714 Pegasus Muse
Pegasus Muse's picture

U-6:  government manipulated tortured “got to make it look better than it is” number.  17%


SGS:  John William's number.  No BS.  Counts everyone.  22%  

Fri, 04/01/2011 - 09:12 | 1124691 fuu
fuu's picture

99 weeks ago was 5/8/2009 if that helps.

Fri, 04/01/2011 - 08:32 | 1124492 slow_roast
slow_roast's picture

QE2 bitchez; shit works.

Fri, 04/01/2011 - 09:22 | 1124541 Dr. Engali
Dr. Engali's picture

Yeah asshole. Print trillions of dollars out of nowhere, fudge the numbers on unemployment as millions drop off the employment rolls, and finally you put 216,000 people to work.  Sounds like a great deal. At this pace we will be back at full employment by 2023. We really got our monies worth out of all the printing.  Oh yeah not to mention that not one crook went to jail for the damage they caused.

Fri, 04/01/2011 - 08:31 | 1124494 RobotTrader
RobotTrader's picture

Like I said last night, the number was leaked early, and the PigMen started frontrunning Bernanke's "men" operating the buttons and the levers behind the curtain.

Diane "Lip Gloss" Swonk looks like she's ready to have an orgasm and jump on Steve "Yeastman"....


Fri, 04/01/2011 - 08:35 | 1124504 Thomas
Thomas's picture

That Fed governor (What's his name? Cocksuckerlakota?) knew something. Maybe he can be dealt with once they are done with Barry Bonds and the COO of Goldman.

Fri, 04/01/2011 - 09:31 | 1124506 baby_BLYTHE
baby_BLYTHE's picture

Hope you are ready for the After Dinner- Payback!

Hangover will be a bitch after all the zero % interest rates and mad man money printing.

Fri, 04/01/2011 - 08:37 | 1124509 DarkMath
DarkMath's picture

"Diane "Lip Gloss" Swonk"

Did you catch her asking Santelli "Have you been in a Wall Mart lately, I don't think they can pay higher prices."

Reminds me of her famous last words to Peter Schiff when he suggested GM might go bankrupt. She puffed up her feathers and said: "Excuse me, have you been in a GM factory lately..."

Fri, 04/01/2011 - 09:22 | 1124726 hedgeless_horseman
hedgeless_horseman's picture

Over time, reading your comments, I find that we share many of the same memories.

Fri, 04/01/2011 - 09:33 | 1124782 ebworthen
ebworthen's picture

That is a great clip; amazing to look back and realize the groupthink that existed, and STILL EXISTS, despite reality trying to intervene over and over.

Fri, 04/01/2011 - 08:33 | 1124501 Captain Benny
Captain Benny's picture

Don't forget to pull gold and silver down!  Gotta sell in burts of unbacked paper all at the same time in order to drop gold and silver prices!

Fri, 04/01/2011 - 09:12 | 1124679 Ray1968
Ray1968's picture

Yup, just an excuse for the shorts to slam it down.

Fundamentals haven't changed, though.

Fri, 04/01/2011 - 08:35 | 1124502 The Axe
The Axe's picture

Participation rate  still blows 

Fri, 04/01/2011 - 08:35 | 1124503 Rorschach
Rorschach's picture

Breaks out the party poppers.

Fri, 04/01/2011 - 08:34 | 1124505 Saxxon
Saxxon's picture

Covering and taking my loss if SPY closes over 133.  Why do I short this thing.

Fri, 04/01/2011 - 08:38 | 1124521 slaughterer
slaughterer's picture

Enough to tank PMs and commodities, not enough to tank the Russell 2000, IMO.    Enough to pump the dollar, but not enough to pump the treasuries.

Fri, 04/01/2011 - 08:38 | 1124528 firstdivision
firstdivision's picture

Shorting is something that was banned since March 2009. 

Fri, 04/01/2011 - 08:40 | 1124545 Hedge Jobs
Hedge Jobs's picture

shorting against monetary inflation is suicide, wait for a month or so after QE2 ends then go short.....just remeber to close them out when QE3 gets announced

Fri, 04/01/2011 - 08:45 | 1124570 DavidC
DavidC's picture

I feel the same as you, even though this is the eye of the storm not the end of it.

Joe Saluzzi did one of his usual great pieces on Bloomberg the other day -


Fri, 04/01/2011 - 08:35 | 1124508 bob_dabolina
bob_dabolina's picture

Meanwhile housing gets weaker and food stamps go up.

Go figure.

Fri, 04/01/2011 - 09:02 | 1124658 docj
docj's picture

Welcome to "The Recovery".

Fri, 04/01/2011 - 08:37 | 1124511 CH1
CH1's picture

Expect Barry on TV soon, telling everyone how wonderful he is.

Fri, 04/01/2011 - 08:37 | 1124513 Jason T
Jason T's picture

king dollar!  

Fri, 04/01/2011 - 08:37 | 1124515 Silverhog
Silverhog's picture

Yawn... think I'll go take my pee now.

Fri, 04/01/2011 - 08:36 | 1124516 Catullus
Catullus's picture

Good.  Don't need QE3.  The long term unemployed finally rolled off stipend and went to work for Wal-Mart.

Fri, 04/01/2011 - 08:38 | 1124525 X. Kurt OSis
X. Kurt OSis's picture

Yeah! Stocks up and we get to keep the rest of QE2. The bond market is very happy with this number. This is going to be a tightrope but if we can keep labor, GDP growth and monetary policy right where it is... we can play this game for evah!!

BTFD bitchez (but not too much, actual trading volume might fuck everything up.)

Fri, 04/01/2011 - 08:38 | 1124529 jesse livermoore
jesse livermoore's picture

Rick santelli rips mark zandi a new ass .

Fri, 04/01/2011 - 08:39 | 1124530 RobotTrader
RobotTrader's picture

Uh oh.......

Looks like a tsunami of paper contracts hitting the COMEX again.....

Unlimited fiat, works every time.  Look at the electronic digit flippers panicking out of gold.

The amount of "Sell Gold" COMEX tickets far exceeds the demand for physical.....


Fri, 04/01/2011 - 08:49 | 1124585 ebworthen
ebworthen's picture

"...exceeds the demand for physical."

Hmmm...I like it...

Fri, 04/01/2011 - 08:51 | 1124591 lieutenantjohnchard
lieutenantjohnchard's picture

looks like your ira full of gold stocks took a huge hit .... lol. too bad for the self acclaimed world's greatest trader who achieves success by buying hd and abt.

in the meantime, the works every time unlimited fiat, as you say, is quite comical given that gold is up for ten consecutive years and silver is up 120% or so in the past year.

only from a dark, dingy 600 square feet apartment overlooking a paved paradise los angeles freeway would somebody come up with the bizarre notion that a 2% pullback from all time highs in silver (<2% in gold) represents fiat success.


Fri, 04/01/2011 - 09:13 | 1124684 Vergeltung
Vergeltung's picture

nice zinger there. sweet.

Fri, 04/01/2011 - 09:04 | 1124657 Spalding_Smailes
Spalding_Smailes's picture

The " Crow Soup " has come to a slow boil, the line is very long .... Just wait till Ben Sholom lets the market know in advance the QE 3 thingy is not in the cards, this should be coming very soon ....


Woooooooooooooooooooooooooooooshhhhhhh ... The doomer trade is Ovvvvvaaaaa'

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