JOBS JOBS JOBS

The futures are higher this morning on the news of an ok job number (+92K), a politically good 4.4% unemployment rate, and numbers that were revised higher for prior months.

DJIA Futures higher by 37, SPX+4.5 and NAZ +4.

How can they come out with accurate numbers 2 or 3 days after the end of the month for which they are tabulating? Yes, they can't.

Funny how yesterday's crummy retail sales numbers are but a distant memory.

The 10 year Bond rate has spiked up from 4.60%, on crummy same store sales numbers, to 4.68% on a decent jobs number and bullish revisions. How long before they worry that the economy is too strong and rates go too high and the Fed raising rates is back on the table?

And how about the great call by Cramer on WFMI just mentioned by Becky? Don't forget to tell us about the ones don't pan out. Throw 10,000 lbs. of something and crow about what sticks. Makes for great TV, not sure it works so well for the growth of one's portfolio.