Little Import to Jobs Data

It's a pretty sloppy start to the day, courtesy of both the next-to-meaningless jobs report along with the nasty warning from Motorola (MOT - commentary - Cramer's Take).

The monthly jobs report showed that the economy, as measured, adjusted and manipulated by some politically motivated bureaucrats, created a few ten thousand jobs more than some economists polled by some news organizations had guessed there would be.

I suppose that because the Fed has told us repeatedly during Ben Bernanke's tenure that it will be data dependent, there might be some import to that report. But why do we believe the Fed cares whether the jobs report was stronger than some random economists had guessed it would be?

At any rate, the market doesn't like the report and we're apparently still in a phase where bad news can take the market down (if only for a few hours, as has been the case for the past few days).

I've not pulled any triggers yet this morning, but do have a name I want to buy either today or early next week. I'll tell you when I do.

At the time of publication, the firm in which Willard is a partner had no positions in the stocks mentioned, although positions can change at any time and without notice.

ALL CODY WILLARD BLOG ENTRIES | POST A COMMENT | READ COMMENTS  

---

Cody Willard is the manager of CL Willard Capital Management, LLC. He is a regular guest on Fox News, CNBC and other networks, and he writes a monthly column for the Financial Times. He is also an adjunct professor at Seton Hall University and the author of TheCodyReport.net, a monthly stock market newsletter. Willard appreciates your feedback -- click here to send him an email.