A Caveat on This Rally
That was quite the reaction to the January jobs report. The big number caught many by surprise, but we can now confirm the prior month's number. Perhaps a trend is now in place. Trends such as jobs growth tend to last for a long time because they are so large -- it's like turning around a cruise ship. Once it's in the right direction, it's got a full head of steam.
We have seen a slew of good economic data for months, so this one piece should really be no surprise. Oh, there are the doubters out there. That's fine -- a "wall of worry" is healthy. I recall that, back in 1999 and 2000, it was not easy to find a bear. Back then the market was priced for more than perfection. It was priced for ridiculous -- a huge bubble that seemed to make everyone who participated wealthy. But we know how that ended. In any case, I don't believe we are currently at that stage just yet....335 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
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