Patently WRONG!

Everyone knows the economy is not in good shape, even the Fed reduced it's forecast. Looking at stories like THS ONE featured on Yahoo Finance are patently wrong. They say good manufacturing numbers were the reason for the early morning rally. Even without a POMO day, this is WRONG. Traders on the bull side are looking and hoping for weak economic numbers that would cause the Fed to act in a bigger/faster manner with regard to QE 2. If the Fed feels the economy is showing signs of improvement, the rosy predictions out of GS (Which I believe to be self serving to sell into higher prices) are useless, the Fed feels less pressure to act and can act in a more "measured way" which means QE2 Bulls DO NOT get what they want. This is why you have to be careful with what you hear and read, whether it be from the financial media which in my opinion is just a mouthpiece in large part for the others you need to watch out for, the likes of Goldman Sachs and there multi million dollar research department issuing "Free Advice" to the general public, like some hedge fund manager did right before the end of their quarter when they had to report their financials to their customers to prevent a bigger outflow of funds.

Again, this is my way of saying, "you want to know what the story is, what they are doing and NOT saying-watch the charts for the small things that the crowd misses".