The good thing is that the jobs report today wasn’t stronger than expected, and participation is still at a 36 year low. Meaning no strong economic growth/inflation/fellation yet.
OTOH, it’s strong enough for the “members” of the Fed board to continue the taper. Hopefully this will have a salutary corrective effect on stocks and home prices in the next 6-12 months, especially if the weather is nasty again (maybe another tough winter, here’s hoping, love snow).
A Goldilocks report. As a pessimist who wants everyone else’s glass to be at best half empty so they’ll toss it away for me to drain the dregs, I like it.
As far as stocks, buy stocks. Don’t buy the market. And why go short when there are always beaten-down stocks you can take a long position in? TWTR is up about 10-12% in the last two weeks. Would have been a perfect flip for those who had the stomach.
