jobless claims 11k above, foreclosures up most in 27 months, retail sales down. I guess steve liesman just has to say qe3 and market rallies.
All bad news is followed by a QE rumor now..A dog will drool when shown food whether you feed him or not..
bad news = hopium for qe3
I'm thinking that QE 3 has become politically unsalable....if that is the only thing holding this market up I wouldn't be long here....