i am thinking that whoever cooked up the job report has done a perfect job. 1) report slightly beat expectations (if adjusted for lower census workers) 2) Jan and Feb were revised higher, so there is evidence of sustainability of job growth 3) there are always some negatives if one dig into the numbers i am sure (i am not an expert on job reports) but 2) compensates for any negatives so, to summarize 1,2 and 3) add up to a report which is while positive still does not give Fed any reasons to raise rates. The Perfect Job Report! what goes for the Shorts is an overextended market and "sell the news" phenomenon. if we put everything together than a likely outcome is a gap up followed by a muted sell-off on Monday.