The market remains in full bull phase as just about any sort of news - good, bad, or indifferent - is views as good news. Friday the January monthly employment data was reported and while the job increase came in below expectactions and the unemployment rate rose, viewers looked favorably on it since it meant no end of unlimited quantitative easing anytime soon. Recall, Bernanke has a target now of at minimum sub 6.5% unemployment before the Fed would consider a change in policy so today's rise from 7.8% to 7.9% was considered "good" by the trading community. ISM Manufacturing did come in ahead of expectations but by that point the market had already gapped up and was well on its way to another big day. The S&P 500 added 1.01% and the NASDAQ 1.18%. Original post: STTG Market Recap February 1, 2013