Am I missing something here???

[loufah]

Quote from S2007S:

1. The National Association of Purchasing Management-Chicago business barometer fell to 49.9 from 53.5 in October.

2. The ISM index fell to 49.5% in November from 51.2% in October


3. Private residential construction spending fell by 1.9% in October after dropping 1.4% in September, the latest evidence the US housing market has pulled back.

4. Orders for US durable goods declined by the most in more than six years and consumer confidence unexpectedly fell. Durable goods orders to US factories plunged in October by 8.3 percent, the largest amount in more than six years.

Remember a year or two ago when a great PMI, housing, or NFP number would tank the market because people were afraid the fed would raise rates? Same thing now - bad numbers give people hope that the fed will reduce rates.