Too Much Good News?

(1) Jeremiah was bearish. (2) Today’s bears: Prophets or spoilsports? (3) A misleading leading index. (4) S&P 500 forward earnings confirms good economic news on orders and sales. (5) What’s troubling consumers? (6) No surprises in economic surprise index. (7) Regional surveys don’t jibe with upbeat national PMI. (8) Draghi’s “whatever it takes” triggers “positive contagion.” (9) Euro-TARP winds down. (10) TARGET2 balances less imbalanced. (11) Lending still falling in euro zone.