Investor Confidence Sends Stock Indexes to New Highs – Ep. 53

* Friday 13th was not unlucky for Wall Street

* S&P 500 traded to an all-time record high

* The Dow closed above 18,000

* NASDAQ at almost a 15-year high

* Despite overall trend of weak corporate earnings

* Weak economic data does not dampen Wall Street's spirits

* Central Banks are behind the surge with excess liquidity

* Wednesday - Mortgage Applications plunged 9%

* Purchases declined 7% following a 2% decline prior week

* 10% decline in Mortgage Refinances

* Jobless claims up 25,000 from prior week

* Biggest back-to-back decline in Retail Sales since October of 2009

* Consumer Confidence is down 2 weeks in a row

* Business Inventories rose by just .1% contrary to expectations

* Inventory to sales ratio highest since July 2009

* Huge drop in Consumer Sentiment

* Jobs number is a lagging indicator

* Part-time economy is a double-edged sword


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