So the data gives them indigestion, but they bid up the market ANYWAY. And look at the headlines under the main story today.
- Deere in the headlights
- Fitch cuts Toyota
- Treasurys resume rally
- Europe under water
- New homes sales softer than expected
- Sales of new homes fell an estimated 5.3% in October to a seasonally adjusted annual rate of 433,000, the lowest since 1991. • Durable goods take a plunge
- Slump in sentiment
- First-time jobless claims off 14,000
- Consumer spending down
These guys can't be trusted with the paper, let alone the scisors or the rock. Though, come to think of it, its the damned PAPER that has caused all the trouble. Maybe if we had given them more rocks and scissors to ply their stupidity with, darwinian selection might have taken out a few more.