Here we go again.
And again and again.
The bulls gouge out the eyes of the bears with their optimism, Pandoras, LinkedIns, Groupons, green shoots, bailouts, rescue packages, and Zuckerbergs.
Then the bears turn around and gouge the eyes of the bulls with The Truth.
This is getting really, really old. The Truth needs to hold sway for more than a few days. The Truth needs to set us free. Because I'm sick of the bulls fooling enough people into thinking everything is Hunky Dory when it isn't.
Anyway, below is the false breakout of false breakouts; just moments before the release of the jobs number, the bulls were jabbing their fists in the air since the market was breaking to new highs. Once reality set in (which is the already utterly inflated jobs numbers showing the economy is still really weak) all hell broke loose.
Welcome back to reality. Enjoy it while it lasts.