The Dow is rallying Friday after a better-than-expected jobs report showed that the U.S. added 204,000 jobs in October. While the news was a pleasant surprise, it also ushered in renewed fears of tapering by the Fed. In our lead story on Investor Beat, Motley Fool analysts Morgan Housel and David Hanson discuss what individual investors should focus on instead of the jobs report and other economic data.

Alison Southwick has no position in any stocks mentioned. David Hanson has no position in any stocks mentioned. Fool contributor Morgan Housel has no position in any stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.