Zeev's Turnips Patch-No Politics (ZEEV)

[jdaasoc]

The only thing that might bring the market down is employment data tomorrow

My feelings is that number of employable worker will drop so much that per cent unemployment will drop from 6%. This due to demographics of US native born population aging and foreign aliens enmigrating out of US and Latin Americans disappearing off US labor dept statistics because they can't get cheaply made fake documents past employers watching eyes who are under tighter supervision from Homeland defense Dept.

Bad part is people employed, hours worked, wages paid and any other statistic indictive of improving economy are not in the cards for tomorrow.

My expectation is for small gap based upon lower UI rate but crap rest of day as all signs point to even less payroll taxes going to government and all signs point to double dip.