The Doubters Continue

The headline unemployment number was much better than expected and the futures rallied this morning.  But, shortly after the open, the markets fell because looking deep in the numbers, they weren’t that great.  So, the selling came in and all the articles and reports started about how this is horrible data.  I’m not here to debate whether it was better or worse.  But, this I know.  It was in the past.  We know the data looking backwards is awful.  And, some coincident data will be awful.  It’s the forward looking numbers that are improving and why the stock market continues to go up not letting many doubters in. 

I wouldn’t doubt if we get a correction soon but I wouldn’t count on it either.  If you have cash, continue to average in because money is flowing in the market right now and I believe the lack of volume shows that there is still a ton of cash on the sidelines.

This post published at www.karleggerss.com

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