CHARTS_CCI_SYSTEM

[gdl]

The best barometer on the state of corporate health has been the stock market. While everyone shakes their heads over the muddled economy these last 5 years profits and gross margins are at all time highs. no smoke and mirrors there. If you want to complain about the financial rule changes or bond purchase programs that's a legit argument. it is there and has helped the financials greatly. In fact they are leading this parade. Latest so called dismal housing report showed a whopping 1.2 percent drop in resale's. That after mortgage rates jumped almost a full point. Since then it has dropped in half. BTW the drop still is the 2nd highest number in 5 years. At the same time prices surged some 15 percent over last years figure.

Nothing is as simple or black and white as people make it out to be. Most of us decide on a predetermined outcome and use data to reinforce that belief.