I would love for someone to try and explain to me how new home sales are at levels last seen in 1991, durable orders were down yet again, there are numerous data points indicating that the consumer is cutting back drastically on spending, CEO opinion believes that we are in a recession, yet the market chooses to ignore everything and continue to flip flop around in a range. over these last couple quarters I have, on numerous occasion, had to refer to my favorite quote by Keynes and today calls for it yet again:

The market can stay irrational longer than you can stay solvent.

sigh.....