Yesterday there was good news for Wall Street with better consumer confidence numbers, and bad news with further falls in house prices. Some pundits used to tell us the government had to find a way of stabilising home prices before the banks could be steadied and the markets coaxed back to life.
That does not seem to matter so much at the moment. Wall Street looked at both sets of figures,and decided to concentrate on the Confidence numbers. The index headed upwards again. That must be the wonder of quantitative easing.