Friday, July 8, 2011

Circus Circus

"Rome is the mob. Conjure magic for them and they'll be distracted. Take away their freedom and they'll still roar."
--Gracchus (Gladiator)

Hard to see much good in today's surprisingly weak payroll number. That may not stop the bulls from drinking it pretty, however.

Bulls will likely suggest that weak job reports like this one 'demand' more stimulus from the government.

The Wall Street equivalent of Roman bread and circuses...

Also quite convenient--given the recent end of QE2.

position in SPX

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