That was particularity weak.

Dow theory is a worthless tool in a manipulated market. Get over it.

But not so important that he'll be missed... much.

The further 'hide the sausage' (care to guess where?) part of the story is that the U-6 alternative measures of under utilization show that under employment was up nearly a full percentage point in the last month.



But wait! You think that's a knee slapper? Wait till you read in the CES Birth-Death model that 'estimated newly created new jobs' shows a 29,000 increase in construction jobs, and given that airlines are whacking and axing, the 86,000 news jobs in leisure and hospitality is a little hard to swallow.

These graphic/chipset makers are engaged in such a cutthroat business/process/design cycle, spiral it remains amazing that there haven't been more fatal missteps during the past 10 years. Then again, the past 20 years is littered with companies that were absorbed by these remaining two, ended up bankrupt or just faded away due to the inability to run the 100-yard sprint for 26.3 miles.