The week jobs number on Friday surprised everyone, including us, and the theories are all over the Internet as to why every economist and financial wizard could miss such an important data point by so much. We felt that the jobs data would come in towards the high side; around 220,000 and they came in at 74,000. Looking at the top end and the nu...

The year is coming to a close and we can only look back and say, “We told you so”. And we did. We said the market would break through its inflation adjusted highs (it did). We said that the economy would build momentum (it did). We said that the Fed would start tapering in September (it didn’t). Ok, so we weren’t perfect but no one ever...

While we had a difficult week we must remember that we closed above an important technical support level and that signifies a pullback but not one to panic about. As any trader or student of the market will attest to, a pullback is a very healthy sign after a major up move. It’s a sign of health and reality to a market that without it would bor...

Fridays robust movement was a little unexpected because any positive data we have received in the last six months has been met negatively. Seeing the unemployment rate recede to a five-year low, no matter how contrarian the market has been acting lately, is great news. Since the Fed’s target unemployment rate is around 6-½%, these numbers are a...

We have been away two weeks and not a thing has changed on the economic landscape. We are still waiting for the inevitable tapering and our government is spending millions on something that three smart kids from Harvard could put together in their sleep, a functioning website. The markets don’t appear ready for another push higher or that highl...