Ladies and Gentlemen, We Are Trading On The Moon

This willful ignorance is occurring for the simple reason that we’ve been in an anti-gravity environment – where stocks bounce off of each piece of good news and bad news indiscriminately, each bounce propelling them higher still.

A Roundup of Reactions to the Jobs Number

This morning’s jobs report?  No es bueno.  It makes the November numbers we got in early December look even more manipulated in retrospect. Oil and stocks sold off in reaction, but gold actually staged a furious comeback off the early morning’s lows.  There’s a lot more to the report than the number itself.  Here are…