Lies, Job Numbers, And More Lies

The DJIA soared over 1,057 points yesterday on the news that the US added 2.5 Million jobs in May.

Trump boomed “THESE NUMBERS ARE INCREDIBLE,” and is asking Congress to pass more Stimulus Bills while praising a V-Shaped recovery.

Yaaaaaayyyyyyy!

Everyone’s excited at the prospects of getting more free money and now planning on taking the kids to Disneyworld.

Oh, Wait!  It’s not open.

“But, But, based on the Job Report, everything’s better now, except for those pesky riots and race wars, right?

Wrong!

Once again, Wall Street banksters are using numbers to make sure the 99% fall for the same old traps.

Let me explain the “numbers” In Plain English.

The Payroll money from COVID relief is just now being dispersed to the unemployed.

Why is that important?

They’re no longer being counted as out of work.

Translation:  they’re still out of work but no longer officially unemployed.

Henceforth, less official unemployed = 2.5 Million “new jobs” …at least that’s what they want you to think.

See how the boyz twist the lies numbers?

Speaking of numbers, check these out:

• Since the low in March, the DOW is up +50%
• Since the High in February, The DOW is still down over 8%
• In the last two weeks the DOW has risen nearly 20%
• Some companies have doubled, tripled, quadrupled, and quintupled in only a few weeks
• People who’ve never bought stocks before are making money hand over fist in penny stocks
• Bullish optimism is going through the roof

So, why does this make me nervous?

Does the term “Blow Off Top” mean anything to you?

It’s one of the many Wall Street adages listed in our Annoying Acronyms column on our website (HERE).

It refers to a market making unusual upswings of 15, 25, or even 35% in a very short time ending with another surge of 20% or more before blowing up.

Time for some more math:

• 03/23/20 the DOW bottomed at 18,213. Since then it’s risen to Friday’s high of 27,338 or a 50% increase.
• On 03/26/20, Three days from the bottom, the DOW rose 24%.
• In the last two weeks we’ve seen an additional 20%+ increase.

All this because of a job increase of 2.5 Million?

What about the other 40 Million who are still out of work?

The point is, in order for the 1% to make the big bucks, the 99% has to be wrong.

DON’T TAKE THE BAIT.

Instead read how to navigate Wall Street’s mine fields and how to prosper AND thrive in Turbulent Times.

Wow 2 5 million new jobs