July employment sucks; Markets surge

-The July 2012 employment data was mostly poor at best to worse than normal for the WH camp.  The new hire rate for July was 163K , but the  May and June 2012 totals were also adjusted downward which only added to the depth of the hole pp is digging out in the front yard of the WH.  For whatever reason (s) today most of the  markets were substantially higher at the 1 pm window,  which is most interesting.  Some believe with the 163,000 new jobs added , which nets on 13K increase and only backfills normal attrition.  It might however,  signal the Feds are not coming forth with QE 3  for now.  Throwing $s at the economy at this late date, even a tax rebate would have little effect on the economy or change voter minds.  The later could result in a bump in taxable income.