Today is one of those that just makes me mad. Nasdaq was up 4% at one point. So there must have been some change in the world and that made stocks cheap. Lets see
Housing - http://finance.yahoo.com/news/Newhome-sales-fall-2011-could-apf-3845011766.html?x=0&sec=topStories&pos=5&asset=&ccode=
Europe - http://pragcap.com/cds-market-to-euro-banks-this-is-worse-than-2008
Bonds - http://www.zerohedge.com/news/4-week-bill-auction-closs-0000-bill-rates-now-negative-through-november
US Banks - http://www.zerohedge.com/news/bank-america-scrambles-defend-itself-henry-blodgets-allegations-it-massively-undercapitalized
But don't worry the Fed will fix everything so up we go I mean look at the track record it's been awesome.
Here's my thought. The current GDP was at 1.3 last time the number was put out, since then the NY, Philly, and Richmond Fed numbers have been under estimates by a factor of 10ish so if consensuses is GDP down .2 or so we may get a 0 or negative print next time.
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