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It is often written the markets are a microcosm of the myopicy of current perspectives. The issue at hand is to recognize the next myopic dominating view. ...

In my view the August labor report indicated more strength than weakness. Commenting about the perceived weakness, private sector and non farm payroll growth did nominally disappoint, posting a 130k and 96k increase, the gains were still considerably higher than the 100,000 new jobs...