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Stocks Looking at Economic Data With Rosy Glasses

Stocks have resumed moving higher even as some believe the economic data is not that strong. Keith Bliss of Cuttone thinks the housing data is a mixed bag whose direction won't be determined for another couple of months. Home prices are not moving up as much sequentially, but are still up 12% over last year. Consumer confidence did decline, but it is still near six year highs. Bliss thinks that when the weather warms, housing should recover and if it doesn't that will be a bad sign.