Dow Jones Industrial Drops 300+ Points - Is that all that's happening in this market?

Let's take a step back and look at the numbers as a whole, not just the Dow Jones number.

Job losses caused by the Great Recession

July 2009 – 339,000 jobs lost
June 2010 - 167,000 jobs lost
July 2011 - 96,000 jobs created
July 2012 - 181,000 jobs created

more here:
http://en.wikipedia.org/wiki/Job_losses_caused_by_the_Great_Recession

Let's see the difference:

Jobs gained in 2014:

113,000 jobs in January:
http://money.cnn.com/2014/02/07/news/economy/january-jobs-report/

175,000 jobs in February:
http://money.cnn.com/2014/03/07/news/economy/february-jobs-report/

192,000 jobs in March:
http://money.cnn.com/2014/04/04/investing/march-jobs-report/

288,000 jobs in April:
http://money.cnn.com/2014/05/02/investing/april-jobs-report/

217,000 jobs in May:
http://money.cnn.com/2014/06/06/investing/may-jobs-report/

288,000 jobs in June:
http://money.cnn.com/2014/07/03/investing/june-jobs-report/

209,000 jobs in July:
http://money.cnn.com/2014/08/01/investing/premarkets/

Details for July 2014 Jobs Numbers:

Total nonfarm payroll employment increased by 209,000 in July, the same as its average
monthly gain over the prior 12 months. In July, employment grew in professional and
business services, manufacturing, retail trade, and construction.

read the report here:
http://www.bls.gov/news.release/empsit.nr0.htm

==================================

2008-2013 GDP:

4/12/2013 @ 8:01AM
The Worst Four Years Of GDP Growth In History: Yes, We Should Be Worried

By J.T. Young

It is time America stopped talking about the recovery and started worrying about the economy.   As the four-year anniversary since the economy last shrank approaches, we should focus on its subpar growth.  It is time to ask what impact government has had on the economy over the short- and long-term.

America’s economy has not shrunk since Q2 of 2009.  Yet, if the Congressional Budget Office’s estimates of just 1.4% real GDP growth this year prove true, America will have experienced its worst four consecutive growth years of GDP in the Bureau of Economic Analysis’ data going back to 1930.

Looking at the economy in 10-year increments starting from 1948 (when declines from wartime spending had ended), averaging GDP’s annual growth percentage shows the following:

    1948-57: 3.80%
    1958-67: 4.28%
    1968-77: 3.18%
    1978-87: 3.15%
    1988-97: 3.05%
    1998-2007: 2.99%
    2008-2013: 0.73%

Even if 2008 (-0.3%) and 2009’s (-3.1%) negative annual GDP percentages are dropped (something undone for the other periods) and only the 2010-13 period is averaged, the result is just 1.95% – still over a full percentage point below the previous decade’s.

more here:
http://www.forbes.com/sites/realspin/2013/04/12/the-worst-four-years-of-gdp-growth-in-history-yes-we-should-be-worried/

==================================

2014 GDP:

U.S. Second Quarter Advance Gross Domestic Product (Text)
By Chris Middleton Jul 30, 2014 7:55 AM CT

Following is the text of the Gross Domestic Product report from the Commerce Department.

Real gross domestic product -- the output of goods and services produced by labor and property located in the United States -- increased at an annual rate of 4.0 percent in the second quarter of 2014, according to the “advance” estimate released by the Bureau of Economic Analysis. In the first quarter, real GDP decreased 2.1 percent (revised).

The Bureau emphasized that the second-quarter advance estimate released today is based on source data that are incomplete or subject to further revision by the source agency (see the box on page 3 and “Comparisons of Revisions to GDP” on page 10). The “second” estimate for the second quarter, based on more complete data, will be released on August 28, 2014.

The increase in real GDP in the second quarter primarily reflected positive contributions from personal consumption expenditures (PCE), private inventory investment, exports, nonresidential fixed investment, state and local government spending, and residential fixed investment. Imports, which are a subtraction in the calculation of GDP, increased.

more here:
http://www.bloomberg.com/news/2014-07-30/u-s-second-quarter-advance-gross-domestic-product-text-.html

==================================

Dollar Posts Best Month in More Than a Year on Jobs
By Andrea Wong Jul 31, 2014 4:12 PM CT   

The dollar rose, extending its biggest monthly gain in more than a year, as unemployment claims fell to the lowest since 2006 before a jobs report forecast to show a sixth month of 200,000-plus gains.

The yen and Swiss franc advanced against most of their 16 major peers on haven demand after Argentina defaulted on its debt. That nation’s peso fell. The U.S. currency climbed versus all of its major counterparts in July as signs of a strengthening labor market boosted predictions for higher Federal Reserve interest rates. India’s rupee weakened on concern capital inflows to emerging markets will slow as the Fed cuts bond purchases.

“Data out of the U.S. has been pretty upbeat, nonfarm payroll tomorrow could potentially have a strong impact on the dollar as well,” Eric Viloria, a strategist at Wells Fargo & Co. in New York, said in a phone interview. Viloria recommends investors resist buying the dollar as “we won’t see the dollar to really strengthen until a rate hike from the Fed is more imminent.”

The Bloomberg Dollar Spot Index, which tracks the U.S. currency against 10 major counterparts, rose a sixth day, adding 0.1 percent to 1,021.93 at 5 p.m. New York time. It climbed 1.9 percent in July, its biggest monthly gain since May 2013, to wipe out a 1.6 percent first-half loss,

The dollar rose 0.1 percent to $1.3390 per euro after appreciating to $1.3367 yesterday, the strongest since Nov. 12. Its 2.2 percent advance this month is the most since February 2013. The U.S. currency was little changed at 102.80 yen, while the euro was little changed at 137.65 yen.

more here:
http://www.bloomberg.com/news/2014-07-31/dollar-heads-for-longest-yen-gains-since-2001-after-gdp.html

==================================

I'm not saying the market will never crash, because it will some day take a huge dive.

I'm saying, setting dates and making predictions is pointless, because the Jesuits can tell the bankers to crash the market at any time.

Think about it.