Today's data 2011-02-25(bad news)

The Commerce Department reported that the U.S. economy grew at a 2.8% rate in the fourth-quarter of 2010, down from their initial report of 3.2% growth. The downward revision was driven by reductions in estimates of consumer spending, government spending and an upward revision to the imports number. Economists had expected a slight upward revision to the number.

Consumers are feeling more optimistic about the economy according to the Reuters/University of Michigan Consumer Sentiment Index. The index rose to 77.5 for the end of February , the highest reading in three years, from 75.1 in the preliminary February survey. Households remain concerned about inflation, with the one-year inflation expectation reading coming in at 3.4%.

("down from their initial report", what are they doing on the data! 

The data is bad, but the market choose to ignore it. the market goes up today directly. 

"investors digested economic data and a handful of mostly positive earnings releases"?

it's not that sample. )
 


it's not that Bad to bears.  you still have tons of change to load below 1320.