Wall Street's new high: sign of a real recovery?

In the latest installment of Investor Beat: the stock market hits a new high in the wake of better-than-expected jobs numbers.

By Motley Fool Investor Beat May 3, 2013 4:42PM

The stock market hit new highs on Friday -- on the news that the U.S. added a better-than-expected 165,000 jobs in April.  And the Labor Department revised up the estimates from the two prior months  So should investors still "sell in May and go away?"  On Friday’s Investor Beat, our analysts talk about what the good news might mean for investors.

Image: Trading floor (© Corbis)Shares of Facebook (FB) rose this week after the company reported stronger-than-expected growth in its mobile advertising revenue.

Shares of LinkedIn (LNKD), however, slipped this week despite a big increase in profits.  Our analysts explain why now might be a good time to take stock in LinkedIn. They also give their thoughts on some of next week's expected earnings reports.

The Motley Fool’s 12 top stocks for 2013 are now available! So if you’re tired of picking stocks out of a hat and hoping that one skyrockets, check out Stocks 2013: The Investor’s Guide to the Year Ahead. It’s The Motley Fool’s current top report, and includes Chief Investment Officer Andy Cross’s top stock for 2013! This under-the-radar company is the secret winner in the war for the last precious drops of oil on the planet. Find out what it is and how you can take advantage of this unseen company’s huge profits in this special, free report, just click here now.

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19Comments
May 3, 2013 5:29PM
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The jobs numbers are highly misleading. All of the jobs gains came in the low paying services sector. Manufacturing jobs growth was zero...no improvement. 
May 3, 2013 5:03PM
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WHERE are REAL signs of recovery? PLEASE differentiate them from artificial Kool Aid lift. We are SO screwed.
May 3, 2013 5:57PM
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The recovery will be real when Ben and the boys shut off the printing presses.
May 3, 2013 6:04PM
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   What sign?

   When the true figures on unemployment are shown I might believe it.

Until then, the answer is NO.

May 3, 2013 6:12PM
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Under a couple of other articles are plenty of condescending blogs trashing the article writer for doom and gloom predictions. I just want to say-- anyone can refute 100% of the "data" supplied today. It's a sunny Friday and there are garage sale signs on every street. That's not people purging junk just so they can go buy more... it's people with commonsense preparing to hunker down for the worst and the worst is certainly coming at us full out now. Besides the Kool Aid crowd, only fools think Ben Bernanke is printing (diluting) dollars for the good of the nation. IF that were true, wouldn't those dollars have gone to me and you instead of zero-productivity business platforms? Honestly... what does Goldman Sachs ACTUALLY do for the good of America? It's literally a Typhoid Mary causer and contagion for so much bad financial initiatives and vessels that we can call it "Mary" and either Bloody or Typhoid comes to mind. The President is WRONG. He has condoned Two-Class division and hasn't stopped a Fanatical Right from trying to conquer Earth. We needed job recovery, not 165,000 phony baloney made-up jobs that won't sustain families or anchor stability. Today was as bad a day as any lately... ZERO economy society Americanism... 100% millionaire making with no good reason or purpose for doing so. The President needs to step down. Congress needs to leave and not run again. Banks MUST be reconciled... they won't look good. The Federal Reserve is a terror organization. They have printed our great great great great great grandchildren into ruin for scholarly-stupidity, not tried and validated agenda with safeguards and supervision. Really, what is our Fate now? To work for dummy alumni in control of businesses they didn't Found, create, buy or build? Get the F OUT you Ivy League garbage. What did you REALLY learn? It's a hot world with a lot of war-building tensions. That comes from hopelessness. They kind brought on by bullies and lowlifes who say it's OUR way or no way. Well... let's opt for NO WAY (say it with me) and the get paper and button pushing administrative delegating psychopaths out of power worldwide. I was BORN FREE. I WILL stay that way. It's MY WAY and I want my America back. We will take your resignation letter this weekend Mr. President. YOU FIX US NOW. The rest is just BS.  
May 3, 2013 6:23PM
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Check out that U6 unemployment rate, Obamaville - mmm, mmm, mmm!

May 3, 2013 7:02PM
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An ingenious way to disguise a real recovery, lie.  Ask the 17 million plus out of the jobs market about recovery.  Recovery won't and can't happen due to obamacare and various other liberal agendas.
May 5, 2013 7:01PM
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Delusional...  It's a sign of 85 Billion a month being printed...
May 3, 2013 7:03PM
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Here's a good site to view "Shadow Government Statistics" Analysis Behind and Beyond Government Economic Reporting.
May 5, 2013 12:47PM
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I never believe what I read on blogs..
May 6, 2013 10:55AM
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The one index I follow might be turning negative. If it continues to reverse, watch out below.

Warren Buffet makes his own markets, you can't. His advice doesn't matters.

May 6, 2013 7:39AM
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Delusional...

The press ('57 states cheerleaders) can say there is a recovery...  Main street has seen no evidence of it yet.

What we have is the FED pumping 85 billion a month into the government coffers to be pissed away foolishly.  The savings of the middle class and their pay checks continues to be eroded by this.

When will Obama end his WAR on the middle class and stop transferring our wages to the 'entitlement voters' that support Obama?
May 6, 2013 8:28AM
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Delusional is not understanding the Crisis started long before Obama came into office. 500 Trillion in Scam Derivatives and counting. Each day the Derivatives markets prints fake money that makes the FEDS 85 Billion a month look like child's play.

Main Street has seen evidence of a recovery, otherwise we would have extended months of job losses instead of extended months of Job Gains. Wall-Street is intent on  extending wage increases to those at the top while outsourcing most jobs to slave labor overseas.

Main Street should see far more of the Trillions in Fed dollars. Main Street should see far more of the Record Profits and Cash on Hand. Some posters would rather that money stay with the top ten percent. Dam you and the 90 percent who actually work for a living.

May 5, 2013 2:58AM
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Companies have been outsourcing the higher paying jobs for quite sometime now. It's one of the most under reported stories of modern times. The jobs numbers aren't misleading since it been a long gone conclusion that we are entering a New Normal. We now live in a time where in spite of Record Profits and Cash oh Hand, only the CEOs will benefit. They vote themselves huge pay increases and vote to keep your wages at what it was over 20 years ago.

They are even telling  folks with college degrees that it only takes one person to do what use to take two or three. Meanwhile the barking dog does less while everyone else does far more. The result is a Global Printing Press running 24/7 to support the continual greed of the top ten percent. The rest of us will fight over what's left among ourselves. That's fine with them.
May 5, 2013 8:00PM
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A real recovery in asset (bond, commodity and equity) values but not in growth and jobs.
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