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Navellier & Associates - Second Quarter Began with a Disappointing Jobs Report

Posted by Michael J. O'Connor | CWS®, Vice President Investments
April 12, 2013

Louis Navellier begins the second quarter by commenting on the latest jobs report and what it means for the stock market.

“The unease in Korea and a disappointing jobs report on Friday delivered the biggest weekly loss of the year so far, but the decline wasn’t all that bad – a 1% drop in the S&P 500 and a slight (0.1%) drop in the Dow. However, many smaller stocks fared worse – with the Russell 2000 declining 3% last week and NASDAQ off nearly 2%. As I’ve been saying in recent weeks, the market is becoming more selective, so investors need to be more attentive to company-specific news and trends.”

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