Market is in ignore bad news, forgiveness mode.
The trade deficit is impressive, $195 billion, enough to buy a few small countries. And that was only 3 months worth. Old news, everyone knows we import everything including services (outsourcing) these days.
Oil is 58 USD/barrel. Old news, it has been in the high 50's for a while.
We can all see the storm on the horizon. No one knows if or when it will hit. I suppose until one hears thunder, sees a few lightening bolts, and a few drops of rain it is worth keeping an eye on but not worth running for cover.........YET!
