The jobs report was up generally in line with expectations. This matters because it dispels concerns that “fiscal cliff” and the looming “Obamacare” effective date would depress hiring late in 2012. It may support a case for improved earnings results over cautious Street expectations. There is no mistaking the slope of the curve – not too hot, not too cold, definitely not full employment. Also helps quell fear of a recession. Jeb B. Terry, Sr. 1-6-13.
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