Fianlly a Good Friday

This morning the Labor Department released the jobs report. They said that the US economy created 132,000 jobs in November beating the consensus forecast 105,000 jobs. This was despite the rise in the unemployment rate to 4.5%. As expected the futures jumped on the news and it looks like we may be back on track for a Christmas rally despite the price of oil rising above $63.00.

On the plus side it looks like a lot of retailers are deeply discounting ahead of Christmas so maybe it looks like it’s a good idea to wait until the last minute this year.

Both my stocks were down with the general market yesterday.

Go Christmas rally.