Exceedingly Poor Jobs Data Sends Stocks Soaring (the new normal)

Sometimes, it's just all too predictable.

When I saw the March jobs number on Friday, and the futures plunging, because, you know, 135,000 net new jobs in the US was about half of what was expected from the goal-seeking BLS.

Revisions to January and February cast an even more dismal pallor over the market, which, gratefully, was closed on Friday.

By Monday morning, stock futures were still in the doldrums and the Dow opened to an immediate loss of over 100 points, but the decline was soon to be erased by the "bad news is good news" crowd and voices from the Fed singing in united, dovish tones, to the tune of ZIRP 4 EVA.

Yep, like I had thought on Friday, a winning day for stocks. Meanwhile the US economy collapses like a house of cards in a wind storm.

Is there no end to this nightmare of a centrally-planned global economy? (Please, don't answer that.)

Dow 17,880.85, +117.61 (0.66%)
S&P 500 2,080.62, +13.66 (0.66%)
NASDAQ 4,917.32, +30.38 (0.62%)