The expectations for January job growth numbers were actually lower than what the real number turned out to be. As a matter of fact, the 200,000 jobs added in January was a strong enough month to bring the unemployment rate down just a nudge more. Even so, the market is not necessarily taking the news as some might expect.
Trading has been down in the triple digits the last few days. As of the time of this writing, the Dow Jones Industrial Average is down roughly another 250 points according to CNBC. This is despite all of the supposedly good news that has been out related to the economy as of late. It is perplexing to a lot of people to say the least, but others see it as an obvious sign that prices in the market have been too high for a long time.
The market has a funny way of deciding to go up or down when people least expect it. They always say that it is best to buy when everyone is fearful and sell when they are greedy. As of late it feels like greed has indeed taken over the market. Perhaps this is why people are starting to pull back on the investments that they had previous made without question.
It is a market that we all have to keep an eye on at this point. There could be more twists and turns to come.