MarketsIT'S STILL JOBS

No indicators, studies, or analysis changes the monthly Jobs Numbers and their affect on the market. No Jobs no economy. Period. Outsourcing will become more and more the topic as the campaign moves along and it will have major traction if Jobs aren't better. Most of you don't watch Lou Dobbs (I rarely do) but he is basing most of his analysis each day on the exportation of jobs. Dobbs is no fool and he's not a Lefty, he just sees what he sees. Just watch your numbers and pay no attention to the chatter. Be aware that there are negative forces out there, and Jobs is everything. Pretty good NYT take HERE.

In case you haven't noticed, most of the lesser watched sector indexes are at ALL TIME HIGHS which indicates a strong economy. The IMF raising hell with our debt comes from the org that has wrecked more economies than Communism. However, watch for some subtle moves from the Fed; increasing reserve requirements, the withdrawal of liquidity (shows up in the M1, M2 numbers), increasing the broker loan rate an eighth of a point, and even limiting the amount banks can borrow overnight. The downward move of the dollar is over. If you check the bond futures market you will see that it is screaming at you that rates will rise in June. The EU? France is actually cutting back on unemployment benefits, lowering taxes for upper income earners, and talking free markets. Of course the free loader class is whining

unemployment benefits will be limited to 22 months instead of 30. This change will effect nearly 200,000 people. Evelyne Zylbermann is one of those hit by the reforms. Until now, she received EC1,400 ($1,780) of unemployment benefits per month. Starting this month that will be cut to EC400 per month in emergency benefits.

"I don't know what I should do," Zylbermann told Deutsche Welle. "I have rent and insurance to pay and a child to feed. What am I supposed to do, I don't know."

Gettting a job never crossed her mind, which is the point of ending the huge handout. These "reforms", if they stick, will boost French Markets and our own. Things look good but it's "Jobs stupid" and nothing else matters.