today's data 2-18-2009

We told you "Buy on the dip", "follow the trend".

the trend is going up and will go more higher.

What happens today?

the data is so bad. however the market still going up, right ?

U.S. jobless claimsrose 31,000 to 473,000 in the latest week, a sharper jump than the 5,000 increase economists had anticipated. The unemployment data renewed worries about the labor market's sluggish recovery.

Meanwhile, the U.S. Producer Price Index rose a more-than-expected 1.4% in January due to higher energy prices. The core PPI, which excludes energy and food prices, rose 0.3%. Overall, there were few signs that inflation was heating up enough to warrant higher interest rates from the Fed.