IN THIS ISSUE OF BREAKFAST WITH DAVE

• While you were sleeping — many global equity markets are closed today, but the ones that are open are up; the U.S. Treasury market is flat, but was hammered on Friday after the U.S. employment report

• Stylized facts — in the U.S., things are not really as they appear to be

• S&P 500 earnings update — the earnings outlook is bright for 2010

• Our take on Friday’s U.S. nonfarm payroll report — employment came in roughly as expected, but beneath the headline was a mixed bag of news with a few surprises

• The article The 2010 Recovery in this weekend’s WSJ really hits the mark

• More of a discriminating U.S. market

…..read summary HERE (4 pages)

….read full article HERE (11 pages)