Unemployment numbers were negative and retail sales were basically flat. Why does everyone seems surprised by this? The market does not shoot straight up because we are out of a recession. There are adjustments being made by the government, by companies, and most importantly by the consumer. Consumers are weary of the market but do not seem fearful. Supposedly there is 5-6 trillion dollars of consumer money on the sidelines. There is no panic selling but there is no ambitious buying either. The S&P is backing off a little but could still jump to 1145.00 levels. This is simply a technical level without any economic data or news as variables. Technology could be how this market moves forward as banking is expected to slump over the next few quarters.
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