nobody is buying the household numbers - you can talk about it until you are blue in the face, you won't hear any media or financial reporters lending it any credence. and neither does the equity market, look at the stock market today.
Whether people buy them or not, everyone on them is not an ebay seller, that's a bullshit description.
Those numbers are not looked at on monthly basis as accurate, and rightly so because the sample is much smaller than the payroll sample. When the revision is done, they usually are the driving force behind revisions up or down and for the actual unemployment rate. Anyone with a head out of the sand lends credence to the numbers...that is different from coverage.
We have no disagreement on how this will be reported. My argument is that the reality is not as bad as it looks.
As far as the market goes, oil has a lot to do with the moves the last couple of days. Short term, the combo of the two isn't great but the underlying economic data continues to be good.
The question we should ask ourselves is (when the TV guys are gloom and doom and the retail investors are bailing on the market and selling, someone is always buying their shares)...who is buying?