Hyped Headlines

Just about three weeks ago the market was in another panic.  It was a situation very similar to August of last year.  Job numbers were concerning and the markets were reacting dramatically to every headline.  The same point we made then applies this time around.  These numbers are a distraction and will only reveal something in hindsight.  For example, the confidence level of the jobs report is between -50,000 and +150,000 jobs.  This means the true number of jobs gained or lost could be up to 150,000 different than what was reported.  That is a HUGE swing when it comes to monthly figures.  Monthly figures are very volatile and the only thing you can be sure to get from following these numbers is a stomach ulcer.