Weak Earnings and Bad Economic Data Pummel Stocks Ep. 48
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\n\t* Wall Street spared blizzard only to be buried in bad earnings and bad economic news
\n\t* December durable goods down 3.4%; expected to come in at +.7
\n\t* Consumer confidence up to 102.9;\xa0contrarian indicator
\n\t* Last time consumers were this confident was in the middle of 2007
\n\t* Number will collapse when reality has a violent confrontation with perception
\n\t* P&G earnings down 31%
\n\t* Caterpillar warned
\n\t* Microsoft stock down 10% today
\n\t* UPS announced they overestimated holiday sales
\n\t* Businesses geared up for a recovery in late 2013 that was not going to happen
\n\t* Layoffs coming in 2015
\n\t* This may give the Fed an excuse to delay rate increase
\n\t* How can a strong dollar be good for America but a weak euro be good for Europe?
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