You do know that the Stock Market is the only "positive" in the Obama recovery, right? Well, today, on the heals of a terrible jobs report, worst in 3 and half years, the Market took a dive.

<<<  Bridget Hall wearing a gold body suit.  Hey,  I would have printed the picture if the suit had been made out of copper thread.  Gold,  copper?  Here is the point:

Gold fell 9.4% today,  the largest single day drop in 30 years,  according to the Wall Street Journal.  Couple this fact the worst jobs report in years,  and we may be looking at hard times ahead.  

“Futures trading”  was introduced to Wall Street in 1974.  Counting today’s disappointing “crash,"  gold has fallen 203 dollars since last Thursday,  a record drop for any commodity since ’74.  

And to make matters worst,  industrial metals such as copper and silver have fallen,  as well.  Both metals are used in manufacturing.  The drop in these two commodities may foretell a more serious problem as regards manufacturing and,  in more general terms,  the state of the so-called “recovery.”  Understand that manufacturing must be on the rebound,  if a recovery is to continue.  When such is the case,  silver and copper stocks rise,  because they are in increasing demand.  Not good news,  in this case.  

Here is the really crazy part of this post:  Obama wants to raise taxes by a trillion dollars right in the middle of a struggle economy on the verge of a down turn.  While he does not believe in American Exceptionalism,  he is certainly betting on it,  in the long term.