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What’s wrong with you?

MarketWatch held a poll asking “investors” what outcome for today’s jobs report would elicit a better reaction from stocks. 53% said it would be better if the unemployment rate was higher than expected, thus prolonging the need for Fed bond-buying.

Are they right? In the short-term maybe. In the long-term, this is an outcome desired only by assholes. You’re rooting for more Fed intervention? More heads of household who cannot find work? What’s wrong with you?

I’d rather have a 15% correction and erase the entire year’s gains but see the Fed start to back away than have another six months of debating the taper. I’d rather a strong jobs number and a path out of this stagnation than more excuses for stimulus.

But that’s just me, someone who is more concerned with economic progress for America as opposed to this month’s trading P&L.

Bad is not good. Good is good, unless your timeframe is the lifespan of fly.

Or maybe I’m the problem.

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Goldman on why this report is more important than usual. (Business Insider)

Barry Ritholtz on why it’s not.  (TBP)

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