On his CNBC TV show Friday night, Larry Kudlow called Friday’s non-farm payrolls report “a pig of a jobs report.” The private economy added 83,000 jobs, and that’s a disaster? And that was double the 41,000 private-economy jobs created in May. Why exactly is this a sign of the Apocalypse? The report was certainly not a “pig”. As a matter of fact, it was it was a much more attractive animal such as a zebra or a giraffe.
Monday’s Trading – 7/6/2010