The Stock Market Is Back To December 2007 Levels; Here Is What Isn't

This past week, America's premier financial comedy channel, which lately specializes in such "epic financial journalism" as the real billionaire hedge husbands of New York (because sagging Nielsen ratings are always a direct corollary of central market planning) wasted no time in advising its few remaining viewers that the market, which soared past 1,500, has now regained levels last seen before the start of the recession in December 2007. Sadly, this is the only thing that has been regained. Below we present some things that have not been regained since the last time the S&P 500 was at 1500. First, as the chart below shows, the S&P is indeed above 1500 for the first time since December 2007. Unfortunately for the economy, which has ceased to correlate to the stock market courtesy of the Federal Reserve, the stock market and the underlying fundementals, in this case jobs, are no...