TraderWise

We've had two days in a row of bad housing metrics, weak guidance from Lowe's and not such great data from Home Depot and Walmart, but the dip buyers came in yesterday morning and the Potash news has a bid under the market today.   I said in the weekly summary the best hope for bulls is not that the data in housing/retail will be good but that expectations are so low that even bad news is ok.  So far, that seems to be the case... but all those serial housing bottom callers must be tiring by now.