Klown Kudlow is touting Hubbard for next Fed Chairman. And why not call another professor who was former head of that Council of Economic Advisors to be vice-chair? You remember " that guy who wrote the book about Random Walk that nobody on Wall Street thinks credible.

It's all too much.

It's really all about how fiction is destroying America.

Here's the reason the stockmarket went down today. Simply look down the loser board.

I pointed it out early this morning: the retailers were pumped yesterday so they could be let down softly today on a disastrous jobs report. Then Monday can start fresh.

Traders know that people without jobs are not flush, and will spend less. And traders know the Fed will tighten, for other reasons, but if the economy goes soft, the Fed may just stop raising rates before they ought to, which did not impress the bond traders, but did pump up the gold bugs, today.

What is so complicated about that?

A couple days ago, I pointed out the danger of listening to an advocate, at least one who is not working directly for you, but has his/her own ax to grind.

I can give you proof of it every day " and Klown & Company, and Hubbard, made my point today " even if I wasn't supposed to be watching TV (or commenting about it). ;-)