durable goods orders pop 3.4% in surprise gain, page-3

Aside from US govt interventions in recent weeks,which will get credit flowing again and keep interest rates low, data coming out of the US has been relatively positive in recent times:

- Mortgage applications surge by 30%
- Increase in housing starts
- Citigroup is apparently profitable this year
- Retail sales increased in Jan and Feb
- Durable sales increase in Feb

Mkt is forward looking. Unemployment and GDP may deteriorate for sometime yet but we have already seen the bottom in the markets.

There are indications that there may be light at the end of the tunnel in the not too distant future.