Good Jobs Number a Bad Sign

The strong jobs news is being sold very aggressively this morning, which is not a good sign. The pundits are slicing and dicing the data to put a negative spin on it and are doing a good job. The seasonal adjustments are always suspect and there are the same old worries about the Fed and its inclination to use the printing press as the unemployment rate comes down.

Breadth is still quite positive but obviously almost everything is off its opening highs. Precious metals bounced big after gapping down but chips, banks and homebuilders all reversed sharply to the downside. Big-cap momentum is mostly red although Apple (AAPL) managed to reverse from a poor start....98 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.

Read the full story and get access to the Real Money Pro trading floor.

There’s no substitute for a trading floor to get great ideas, so Jim Cramer created a better one at Real Money and blogs there exclusively. We then added legendary hedge fund manager, Doug Kass, with his exclusive Daily Diary and best investing ideas. Staffed with more than 4 dozen investing pros, money managers, journalists and analysts, Real Money Pro gives you a flood of opinions, analysis and actionable trading advice found nowhere else, and allows you to interact directly with each expert.

Already a Subscriber? Please login.

Except as otherwise indicated, quotes are delayed. Quotes delayed at least 20 minutes for all exchanges. Market Data provided by Interactive Data. Company fundamental data provided by Morningstar. Earnings and ratings provided by Zacks. Mutual fund data provided by Valueline. ETF data provided by Lipper. Powered and implemented by Interactive Data Managed Solutions.

TheStreet Ratings updates stock ratings daily. However, if no rating change occurs, the data on this page does not update. The data does update after 90 days if no rating change occurs within that time period.

IDC calculates the Market Cap for the basic symbol to include common shares only. Year-to-date mutual fund returns are calculated on a monthly basis by Value Line and posted mid-month.