A few of today's headlines:
JP Morgan announced today that it will lay off 17,000 mortgage bankers. Imagine how many they would have laid off if there was NO housing recovery.
Case Shiller shows 2nd month of decline, says there is a "bleaker picture for housing".
Consumer confidence drops most in 4 months.
POMO continues. Fed monetizes $2.65 billion TODAY!
Richmond Fed Manufacturing Index declines, goes into negative territory!
If this "recovery" is so great, why is the Fed still pumping money for life support nearly every day?
Meanwhile, stocks did this:
