Fickle-minded Investors Mind!

It's funny, Wall Street initially rose almost 100 points in reaction to the announcement of an apparently very encouraging economic data in the form of new home sales and durable goods orders. Just as optimism starts to sink in, suddenly things took a U-turn as "someone" must have come up with this thought that perhaps it was not so good news afterall as strengthening economic conditions mean interest rates cut is unlikely.. Hang on, at the very first place isn't this (stronger US economy) what the whole world all want to hear? Afterall, stronger economy means US will likely not go into recession or economic hard landing, thereby the rest of the world can still rely on US to continue importing goods and services from them, keeping the money flow!

Strangely, it wasn't to be. Perhaps other people have a different agenda to how the world's largest economy should be.