Hi Folks



Sorry about the technical problems we are having, but I am sure it will all be fixed shortly.



Some pretty big news on Friday- Gold hit a new all time high, going over $1100 an ounce before finally settling just below that.



Also, unemployment numbers came in worse than expected, and unemployment went over 10% for the first time since the early 80s.



The stock market had an initial drop in price, before it closed almost flat.



The currency markets rallied a bit more. The dollar got stronger on most fronts. However, if you look at a daily chart, most pairs have been in a pretty solid range for a few weeks now.



For today's post, I would like to open up the discussion on this.

The economic condition is a bit confusing. We are in a recovery, or so they say, and a lot of data even confirms this. GDP grew for the first time in a year.

Why wasn't an unexpectedly high unempoyment report a bigger sign that the economy is worse than exected, causing a much larger drop in the DOW? The initial drop was the first few mninutes as amature traders shorted on the jobs report,