The unemployment rate is soaring just like the stock market.  Does this make any sense?  No.

All 372 reporting metro areas had increasing unemployment rates.  Companies are laying off workers like crazy so they can barely hit their low earnings estimates... but this is a short term solution to a much larger problem.  You don't spend money when you don't have a job and you don't spend money when you're worried about losing your job.  How many of you are in one of those positions?

Bend, OR has a 17 percent unemployement rate... a 9.2 percent month over month increase.  Might as well start calling it Bend Over, OR.  Indiana, North Carolina, California, and Michigan also had huge increases. 

More people applying for unemployment benefits and more State and Local governments going broke.  The next dominos are ready to tip over and the DOW will be back at 7000 in no time.  Take profits now and buy back later in the year. 

Read more here.