The stock market drop

Stocks Drop 1% Amid Global Jitters; Vix Soars  "Stocks tumbled in abother choppy session Friday, erasing their earlier rally as investors were quick to take profits following a stronger-than-expected government jobs report and amid ongoing jitters in the euro zone."....

"Come on! Tell me who these new hires are," said Todd Schoenberger, managing director at LandColt Trading. "A number (which still isn't anywhere near normal for a recovery period) surprised like this after the data we received, not to mention the significant layoff announcements we've been hearing about lately, just doesn't seem to add up."

From Heritage: “The White House Does Not Create Jobs”   Read this solid, in-depth article listing the specific hurdles this president is putting before the economy. 

 "The government cannot create private-sector jobs, but it can strongly affect the conditions for job-creating economic growth. But instead, the Obama Administration has helped create the conditions to stifle job growth. This morning, the unemployment rate was 9.1 percent. The positive news was that the unemployment rate went down from 9.2%."

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"So what are just some of the job-killing conditions that are making the markets and employers nervous?"  Read more:

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"But it is also crystal clear looking at Administration policy—coupled with unemployment as well as increased debts and deficits—that it also does not produce the conditions to create jobs."

Emphasis added.

http://townhall.com/political-cartoons/

Making the Case Against Gold ; Look past the hype -- gold isn't invincible:    "The implication is the swelling demand that has made gold such a red-hot commodity could just as quickly turn around and send gold prices south again — if all these buyers have a sudden change of heart."  For you who like to sell low and buy high, check out this chart for GLD.

The Case for and Against Gold  "It's also true that you may pay a markup for buying gold; the cost of buying a security should be factored in any investment decision. However, there are plenty of popular vehicles that, in my view, charge reasonable prices for exposure to gold: GLD, for instance, costs 40 basis points annually.

"Another complaint is that some ways of buying gold come with extra risks. I agree that investors should take those risks into consideration. Gold-mining shares, for one, are definitely more volatile and can be correlated with the stock market especially in sharp declines—so buyer beware."