This morning the Dow was up a modestly until economic data came in. Housing numbers slumped for the third month in a row and manufacturing index dropped expectantly. Both indicating a continued real erosion of our economy as we slide further into this depression. How does the stock market react to the bad news. A giant jump up of course. Taking on over 100 points to the upside. 


In this bizarro world, bad news is good news. Why?  Because on Friday Ben Bernanke is talking in Jackson Hole and the worse the news is, the better the odds he will come to the rescue and print more money. A sad reality we live in. Fundamentals mean nothing.


This country started as a manufacturing based economy, went to a service based economy, and has fallen to nothing more than a printing press economy. We live and die by the printing press of the federal reserve.