the article linked claims that the US is in better shape than thought because it falling at a lower rate to anticipation. can you see the logic in that? http://news.bbc.co.uk/1/hi/business/8119013.stm
Yeah its hillarious how news people do not understand basic math. Its like...If you are one of those guys that makes 5k per month, but spends 6k per month, right there you are in trouble. If you then lose 6% of your income one month, then another 5% the next month, you are not doing anywhere near recovering. You are still spending way more than you make, only now you are going in that hole faster.
Reminds me of my wife when she decided she needed to use the wheelbarrow to plant flowers. I had "turf builder" in it, so she dumps all the turf builder onto one section of the lawn for a temporary holding place while I'm out of town. Of course, it rains and the grass gets all the turf builder and for the entire YEAR that section of the lawn was growing an inch a day, and was a much darker shade of green than the rest of the lawn. Was maddening.
It is called end of quarter mark up by funds. It will take really bad news to keep the market down thru the end of June.