Market Summary: Wednesday, June 3, 2009

• Private employers cut 500,000+ jobs in May and some say the economy is recovering!?

• Americans are saving a lot more of their money.

• Auto sales on the rise. People are still buying cars from bankrupt companies.

• Stephen Schork on oil…he’s a smart guy.

• Cool CNBC slideshow that looks at revenue and income per employee for the best and worst companies within various industries.

• Jim Rogers thinks the S&P 500 could rally to 50,000 if the government prints enough money...laughable