Jobs Data a Rally Killer?

The stock market reacted violently to yesterday’s jobs data. As usual I would be very cautious about making any moves based on a single data point. In this forum I like to help my readers find information that’s important. Also I try not to reinvent the wheel (who has time for that anyway) and, where appropriate, to defer to better writers. In just that spirit I direct you to Bob Johnson, the Associate Director of Economic Analysis at Morningstar who yesterday put up an excellent post on why you should not read too much into yesterday’s jobs data. http://advisor.morningstar.com/articles/blogentry.asp?id=16776 Enjoy and have a safe and pleasant holiday weekend.