March Employment Report Preview
By Jeff Miller:
Fasten your seat belts!
We are about to see something really new -- the release of the monthly jobs report on a day when the market is not trading.
Some think this is wrong.
Jim Cramer, with an assist from Larry Kudlow, tried to turn this into a religious crusade. Somehow the decision to release data according to the regular schedule was portrayed as an affront to those observing Good Friday. Here is the link and the video:
Cramer and Kudlow are completely wrong! The US government is not on vacation Friday. In this country there is no establishment of a religion, and therefore normal government functions are not geared to religious holidays. Cramer loves these rants where he gets to lecture to the government officials who really make decisions. Here is the reality:
- The employment report delivers information to the entire nation, not just the financial markets. Message to