SCOREBOARD: Old-school reaction

A spate of positive US economic news saw Wall Street move higher, despite implications for the longevity of QE.

No tantrums to be seen last night and there was even barrage of good-bad news to boot (good economic numbers are bad for QE) - and the markets didn’t completely collapse! This game is getting too hard. First the market sees good news and panics. Then, and like last night, it sees good news and cheers go out. Go figure. Hard not to cheer about it I guess, unless you are part of the undead army of zombie pessimists in Australia.

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