The most bullish market factor is still the upward trend in earnings estimates for the S&P 500 in 2012.
The 1340 area is the first of two important support areas, as bullish activity in the stock market wanes.
This is the sort of bullish consensus I like to see; the Big Money is optimistic without being euphoric.
Gregg Giboney, Covestor manager of the Dividend and Growth model, puts the employment data in perspective.