You are not confused, the market is (g). Good employment figures and consistent good employment figures (like a solid 6 months above 200,000 new jobs) is very good, it means that the recovery can start to be self sustained, namely, end demand will grow not from debt creation (which may be reaching some limits) but from more consumer having solid jobs. After a year of such job "creation", GDP growth from that "new sector" alone could be 2% in addition to growth from existing demand. That could translate to a relatively long period of growth in the 4% plus per year, and the market will have to love it. Right now, I don't see that happening, however, thus my view that the cyclical bull may not have much more than three to six months in it.
