Dow 11k Is about As Meaningful As Labor Day With No Jobs (SPY)

I am sure Pisani had to take his blood pressure medication this morning in anticipation for dow 11k, last time we hit 11k in May, NYSE floor security had to taze him. Honestly who gives a flying squirrels ass about Dow 11k. The dow means nothing, just a grandfathered in gauge of the shadow economy, i dont see any headlines for S&P 1163!!!

Anyway i think Labor day is a great example of a holiday brought to you by a country in denial. Unemployment is now 9.6%, Mexico and China have all our manufacturing jobs thus our labor force is nearly non existent. Maybe we should replace Labor day with Welfare appreciation day?

I know i sound like an asshole, though i think our leadership is a bunch of assholes fucking my country up one dumb ass bill at a time. I cant wait for 20$ loafs of bread when the USD loses its reserve currency role after QEII prints more money then grains of sand on the beaches of Normandy.
Hell if we keep up the current pace of economic destruction in our lifetime we might see WWIII break out, not over territorial boundaries and dictators but over the fight to save global capitalism. Our current leaders do not give a shit about their kids and grandkids, they just do not want the pot to boil over while they are still breathing our surely to be taxed in the future AIR.

Posted in: Pisani,unemployment,USD