U.S. Stocks Rise to Highest Level Since May on Jobs Data – Bloomberg 08-03-12

Salient to Investors:

Mark Luschini at Janney Montgomery Scott said the decent jobs report is not enough for the Fed to act imminently yet not so good that the Fed could still act.

Michael Shaoul of Marketfield Asset Management said the jobs report allows people to continue to be patient with the domestic economy, but alone won’t change the Fed’s mind.

Read the full article at http://www.bloomberg.com/news/2012-08-03/u-s-stock-futures-rise-before-jobs-data-linkedin-gains.html