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

Tyler Durden's picture

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apberusdisvet's picture

Someone's ass is really sore.

augie's picture

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

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 :)

 

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)

JLee2027's picture

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

augie's picture

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

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).

baby_BLYTHE's picture

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

The Axe's picture

dollar up  yen down

Thomas's picture

Gold could use some love right now.

Cash_is_Trash's picture

I shall buy more mining shares on this lovely day.

Risk-return bitchezz

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!

gordengeko's picture

Spin cycle, rinse repeat.

tmosley's picture

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

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.

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%

 http://www.shadowstats.com/alternate_data/unemployment-charts  

fuu's picture

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

slow_roast's picture

QE2 bitchez; shit works.

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.

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"....

LOL.....

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.

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.

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..."

http://www.youtube.com/watch?v=Z0YTY5TWtmU

hedgeless_horseman's picture

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

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.

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!

Ray1968's picture

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

Fundamentals haven't changed, though.

The Axe's picture

Participation rate  still blows 

Rorschach's picture

Breaks out the party poppers.

Saxxon's picture

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

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.

firstdivision's picture

Shorting is something that was banned since March 2009. 

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

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 -
http://www.youtube.com/watch?v=9Vfxfi5Y3Bk&feature=youtu.be

DavidC

bob_dabolina's picture

Meanwhile housing gets weaker and food stamps go up.

Go figure.

docj's picture

Welcome to "The Recovery".

CH1's picture

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

Jason T's picture

king dollar!  

Silverhog's picture

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

Catullus's picture

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

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.)

jesse livermoore's picture

Rick santelli rips mark zandi a new ass .

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.....

LOL....

ebworthen's picture

"...exceeds the demand for physical."

Hmmm...I like it...

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.

 

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'