markets dont trade based on news...it will do what it wants to do no matter what the supposed news is...news will move the mkt for the morning and then its back to business...if numbers good we rally...if bad we decline for brief moment followed by rally cause we get implied QE3, but dont worry, they wont call it QE3 this time...it will be raising the national debt ceiling so we as a country dont default next month ...watch for it...
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The thing I have learned over the yrs is this, when you get the trend right "things" about the economy and politics make sense...when you get it wrong, nothing makes sense.