Markets Disconnect From Reality

Stocks hold gains from yesterday's new all-time record high despite the following news today:
1) US industrial production contracted last month
2) Empire Fed index missed expectations, went negative for first time since January
3) US Capacity utilization declined in April
4) Producer Prices declined in April due to weak demand
5) France slides into recession
6) Euro now has the longest-running recession in history
7) Europe's GDP declines at sharpest pace since 2009

But Wall St insiders are oblivious to news, reality! They're having a Pollyanna Party!
This looks more bubble-like every day!