Thursday, May 19, 2011

It's Back On! The Pollyanna Party is Back!

Pile on!

A FIVE-fecta of bad news today hasn't prevented another Pollyanna Party:
  1. ECRI manufacturing data predicts a GLOBAL economic slowdown
  2. Housing data disappoints
  3. Philly Fed disappoints
  4. Leading Economic Indicators disappoints
  5. Jobless Claims continue above 400k, moving average continues to rise