Stez

Jobless Claims Stuck at 570,000

You take a 26 year high in unemployment at 9.7%. You have a shadow market of 16% unemployment and retail figures massaged like crazy.

Then key pivot points at 1006 and 1010 taken out you know there is some incredible Kool Aid being pumped into the stock market machine.

CNBC came out with the huge positive that the 10k less then expected lost jobs showed the market was powering.

El-Erian may be a bond guy but when he talks, of the equity sugar rush on CNBC, he should be referring to the crack pipe that everyone seems to be smoking when they cheer these numbers.

The stock market has been rising on bad and selling on good.
So we should be at 1100 at the end of the month after this reaction.