SPLATT

MBA Mortgage applications fall 18.6 % !! BOOYAHHH

ALL the snobs looking for GDP revision to a limp 2.7% and was only 2.6%

RALLY on with the recovery that is being sold as themost prolific expansion in history, but what it is really is, FED induced liquidity that ignited the markets through the major players gaining access to 0% money and put it into the stock market with the FED'S blessings....doesn't make this any less of a bull market in the sense of trend....but it is almost totally funded by the priniting presses....and held up even with housing dragging the bottom...with acocunting fiction when mark to market was suspended, so was reality.

The market is RIPE for a nasty reversal, at least short term....in many different aspects. The public has finally bought in...near the top perhaps again...and again to be the ultimate bagholder again and again unless a miracle of recovery exists

D