Opinion

Pinnacle Digest writes: Last week both the S&P 500 and Dow Jones hit new all time nominal highs, despite consumer confidence falling, housing sales declining along with a slew of other key economic indicators turning south. Finally, towards the end of this week, the bad news was too much for the market to handle and it has corrected (slightly). Both the Dow and S&P were down little under 1% as of this writing at 12:21 PM EST.