The day of reckoning is here and it appears that the news is
good. Payrolls increased 236,000 In
February and the unemployment number came down to 7.7%. Not all of the news was good as the January number
was revised from 157,000 down to 119,000, that’s a fairly large revision, but
today I am sure we will focus on the positive.
As I am writing this the S & P’ s are up 6 points but I would have
expected that to be up at least 10, so maybe we will just get a smooth and
steady climb all day instead of an initial ramp and then level off. The market is at or near all time highs and
it is looking for something to give it traction up here and this number just
might be that catalyst, we’ll see how it play out. The sequester continues to muddle along but
it seems like everyone has already forgotten about it, which is good, I am
tired of politicians crying that the world is going to end if they don’t get
what they want. Have a good weekend.
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