Quote from stock_trad3r:
The initial reaction to the housing numbers was an abrupt 40 point selloff on the dow and that was it. The market began to move higher an hour later. If housing was such a big deal the market would be deep in the red, but it obviously isn't.
For the past 2 years housing data has had almost no affect on the market because everyone knows it isn't a big deal except pro-obama leftist liberals and perma bears. The money guys who move wallstreet know that housing numbers aren't that important.
We're still in the new era of hyper capitalism, spendism ,comsumerism, smartism, web 2.0. No bear maket. No re recession.
what is "web 2.0"?
