...and all this, despite weaker data today! Just bubbly!
So
despite the quadruple whammy today of bad economic news (housing starts
DOWN, claims for new unemployment benefits UP, Caterpillar sales
collapse, Philly Fed survey DOWN), Wall St traders want us to believe
that stocks are worth MORE today than yesterday. They want us to believe
that we are more prosperous than ever before in history! Are we living
in an alternate universe now? Because I sure don't see it!