The most surprising economic report lately, was last Friday's Report on New Jobs. The report caught Wall Street completely flat footed. Going into the report Wall Street expected that the report would show another 8 ½ million jobs lost, and that the unemployment rate would rise to 19%.

But instead of loosing jobs, the report showed that the economy actually gained 2 ½ million jobs. That an 11 million job difference from expectations. And about as far wrong as you will ever see on Wall Street.