Friday, May 3, 2013

Stocks Jubilant Following Jobs Report

I didn't think this jobs report was worthy of this kind of joy. We got 165,000 jobs, about 20,000 more than expected. That's the good part. But the jobs were produced in low-wage sectors like leisure, hospitality, temp work, and retail. That's hardly something to celebrate.

But don't try telling that to Wall St. They're too drunk on the Fed-fueled stock market bubble to notice reality!