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I Do NOT Believe the Government

OK. I know this makes me sound like some kind of conspiracy nut job, but here it goes anyways...

I DO NOT BELIEVE THE GOVERNMENT!!!

Rarely do the ADP and Government employment reports differ so much for two months in a row. Yet on Friday that is exactly what happened. ADP clearly shows solid gains in employment while the Government shows a scary slowing in this vital area.

Please also note that many other monthly economic indicators monitor employment activity as well. None of them are signaling a problem that corresponds with the Government's findings.

Add it all up and I refuse to take this new information into my investment equation. Just a shame that I am now in the process of doing my annual income tax filing, which makes me realize how much money I am wasting for this level of incompetence.

Gladly it didn't stop US stocks from getting back towards 1800 on Friday. We will probably consolidate here a little while. If the coast is clear, meaning no more global or domestic economic concerns, then stocks should break above soon on the way towards the previous highs at 1850.

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Company Symbol Reported Surprise %Price Chg
NET 1 UEPS TECH UEPS Feb 7 +0.38% +18.04%
LIQUIDITY SVCS LQDT Feb 7 +0.26% +15.59%
AEROFLEX HOLDNG ARX Feb 7 +0.10% +14.60%
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TRINITY INDS IN TRN 1.41 1.44 Feb 19 1 +2.13
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