The quote that really caught me last night in his question and answer session was "We currently have an unemployment rate of 7.6%, which I think if anything OVERSTATES THE HEALTH OF THE LABOR MARKET."
So if the stats he his basing his decisions on are wrong, invented, adjusted or just pulled out of the air we are really in trouble.
Unicorns and rainbows...
As someone said yesterday. If we take out all the bad news, everything looks pretty good.
Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.