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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