The government's jobs report was way below expectations bad news in most situations. Yet the market seems to have not noticed. The DOW and S&P are both higher today. I guess this could be because of weather and the unemployment went down and beat expectations. We also got a revision upward of the jobs report in December. All of these probably are contributing to the higher market but normally two bad reports in a row would signal something worse. It seems that traders and investors have shrugged this information off. I am certainly fine with this information just not mattering. I still hold that many companies are worth more than their stock prices suggest but I might have traded more conservatively and watch my step with two months of poor job growth.
In other news, the new Microsoft CEO, Satya Nadella, wants to play offense and let Amazon be successful according to this Forbes article. I understand that the internet companies like working together, collaborating, and think everyone can win. We all win when we all work together yes but you have to focus on competition. If companies never focus on what others are doing then they lose sight of what is important and how to handle outside threats. What I see is a lazy company that thinks that they are so big they don't care about the little guy. I assure you though that companies that have this mindset are soon non existent companies because they do not keep up with changing ideas and let other firms steal market share. Microsoft's new CEO statement is troubling because his offense doesn't include focusing on adversaries.
He does want to be aggressive and beat Microsoft's opponents but not looking at them it will be hard to beat them. He might have just been saying this to perhaps relax the competing firms. Either way Nadella's viewpoint and direction matter for Microsoft and its investors. Be wary of any big changes in firms but this one might be very interesting with the direction he takes the company.
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