Jobs report disappoints.

Well the markets took it on the chin today after a very disappointing jobs number. Only 41,000 jobs were added by the private sector while over 390,000 jobs were added by the government, mainly census workers. This economy needs the private sector to hire in meaningful way in order for the recovery to sustain itself. This seemingly is what Wall Street also needs to see in order to think about a consistent appreciable market environment. Unfortunately it looks like volatility will be continuing in a downtrending market. That is not to say there won’t be pockets of opportunity, one just has to be very selective, spread out, and small with entries while building select positions over time.

Good luck to all