The news that we grew the economy 2.5% after last Q's anemic 0.4% came mainly from all of the government spending that was already in the pipe. The increase came from consumer spending rising at the fastest rate in two years. They said that government spend had now slowed. Payroll taxes are higher and wages are still flat with unemployment as high as it is. The worst bit of news is from the weak finished goods growth. It was the the lowest increase in eight quarters. I hope this explains the 56 point S&P pop over the previous five days. Huh?
Pandora of course my question was rhetorical, and I totally agree with your response. The question I have is will this be "sell in May and go away," or sell in May and go away for the rest of the year.