What a complete and utter scam the government is running. They've actually temporarily spun an underestimated (and highly manipulated) job loss number of 539k into a 'positive' as of this morning. Watch this number be revised for the worse next month. The second wave of foreclosures and job losses are just now hitting, and will accelerate through at least November. If we're at 9% now, and we see another 4 million jobs lost just this year (and we will), good luck to all the bulls. As of 10:30 am est, it would appear the equity markets are deeply skeptical of anything the government reports, including this morning's employment report.