Dec durable goods orders up 4.6 percent

No, it was not. The bulk of it came from civilian aircraft and other transports. Transports have traditionally not been included in the headline number because of the degree of volatility they have. Same with defense. But now we get the overall number because that makes everyone think it is so very rosy.

Ex transports was 1.3%. For Capital goods it was up 0.2% (and down year over year). Those who actually understand what the indicators components are understand that it was a decent report but not the very very very good number toppy heard some nut on CNBC spout on about.

As I stated long ago (and you ignored) the market does indeed respond to the reports of the day and this one did not drive the market up, which if it was a super duper as toppy claimed, it would have. It instead was pulled down by the other data coming out yesterday.

It is quite comical listening to you telling me how little I know of the market, when I would be willing to bet you had no clue what the indicator even meant, let alone how it breaks down.

It was a good report, and you just chose to be a Debbie Downer about it. Because there is one good report doesn't mean that the economy is fixed and that all other factors involved in the market reaction are good.

The market CAN react to a good report with higher #'s. It doesn't always, depending on a variety of factors. You are assigning a monolithic approach to the market which is almost never the rule.

Frankly, it's a little embarassing.
 
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