The first of two jobs reports came out today and while it was lower than expected I blame poor weather for the slight decrease in jobs estimate. The snow effects consumers spending habits and also makes it harder for people to get to jobs. Now if the jobs report on Friday is bad then we might have more serious problem. Especially consecutive poor reports.
I see no reason that this is a bad sign for the economy. A miss but not a big miss and certainly one that can be explained by natural factors that do not effect the overall economy in the long-term. This information has not changed my opinion of the market and the possibility of it going up this year. I will keep my bullish stance.
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