"DURABLE" ECONOMY?

The headlines
WASHINGTON (Reuters) -- New orders for long-lasting U.S. manufactured goods rose by a much stronger-than-expected 1.8% in May, Commerce Department data showed Wednesday, providing further evidence that the battered U.S. economy was finding its feet.

Is this really "evidence" ?

In one area of particular weakness, orders for motor vehicles and parts dropped 8.1% in May, the sharpest fall since August.
The Commerce Department said shipments of durable goods fell 2.1% in May, after falling 0.5% the month before.
This was the 10th straight decline in shipments, and the longest streak of consecutive monthly decreases since records began in 1992, the Commerce Department said.

In other words, this has fallen so far, that the increase they trumpet is coming from a horrific decline as shown in above chart.

Futures goosed, FED goosing, 2-7 day rally attempt after 2nd 90% downer....IMHO I am expecting a weak attempt then decline will continue.

D