Investors did more than dodge a bullet on Friday with that jobs report. December and January were revised up by 35,000 jobs. The Labor Department survey showed that 290,000 jobs may have been impacted by the weather. Meanwhile, there were only 15,000 census workers, far fewer than the 50,000 that many thought might be hired in February. What was impacted was average hours worked. They did fall hard, but an hour worked is still employed, so the downside was not nearly as negative as feared. The next few months will likely be skewed by better weather and more census workers, but this time skewed to the upside. I still believe that the US market, commodities, Dollar, and bonds have benefitted from there being bigger problems overseas. With China talking about letting the Yuan rise slightly, the negative impact will be felt by countries that export to China. Emerging nations are also feeling the impact of the EU, Asia, and the Americas seeing growth slow. As money leaves investments in these areas, it is moving into “safe haven” investments in the US. We did see some positive surprises on the upside in Retail, Manufacturing, and Jobs last week. This week will be a very light news week. Meanwhile, the positive inflows have worked to push out any negatives through a slow time, moving us closer to earnings season. Timing is more crucial than price right now. The volume remains very light, but seeing the Russell 2000, Breadth, and the NASDAQ make new rally highs is impressive.