Something's Up

I have to admit when I saw the DOW jump up over 200 points in the face of close to 600,000 layoffs reported in January, I thought something is definitely going on here that is not readily available in the MSM economic articles.

Reuters is reporting that there are tiny macroeconomic signs that point to realities that are essentially very bad but not the dire worst. How do we rate levels of dissolution. Perhaps we are 99% down instead of 100%. Regardless investors did not flinch today, they jumped in.

Reuters: Flickers of optimism as stocks climb despite gloom

What appears to be happening is that a scattered series of improvements in macroeconomic data, some of which is just not as bad as expected, is outweighing more dire reports.

Citi Private Bank told its clients this week that seven out of nine indicators it has designated as "signposts" to recovery improved in January.

At the moment the precise points of the stimulus package are not out there. But they have reached a deal on something and the price tag is now down to a tiny $780billion, just a drop in the corporate lunch pale, prostitute paid, bonus dowsed bling bling.

Reuters: Senate moving toward deal on stimulus: Democrats