NFP Friday

Jumped on the jobs report but that 1366 on the ES seems to be the magnet right now.  Oil is still high enough to do damage at 107   Basically it looks like we're losing a little upward momentum that's been there this whole year.

Tops

S&P is about 15% from the 1550ish high in 07 and everybody has agreed that was a ridiculous super bubble, stupid, evil, etc.  But we're 15% under that and since in January the S&P was up 6% it might not take that long to get back there.  At the same time Treasuries are at an all time high and with Gold in the 1750 range and Oil just under a 100 it looks like no one can lose.  I guess central banks can save the world,  O except housing.  We're in the bad is good, low GDP doesn't mean no growth, it means the Fed will inject money and that's good for stocks.  Wait what?