NEW YORK ( TheStreet) -- After Friday's nonfarm payroll report beat expectations, stocks shot up and then fizzled out. Now what? TheStreet's Jeanne Yurman asked Jason Weisberg of Seaport Securities.Most of the traders who came into work this morning waited for the jobs report, saw the upbeat bias, covered any short positions and have now gone home, according to Weisberg. He added that the anemic volume in the markets today -- and usually around other holidays -- contributes to larger-than-expected reactions to data points and global or domestic events.
Quick Take: Stocks Trading at Right Level, Says Seaport's Weisberg
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