Thursday, November 29, 2007

New Home Sales Up!!!!!!!!!!!!!!!!!

That's what CNBC just told me. Up 1.7%!!!!

And, yes, it is true that 728K is 1.7% higher than 716K, the number from last month.

It's also true that the number from last month, 716K, was revised downward from... 770K.

You know, I don't exactly do business stuff for a living but the CNBC people presented this as good news, and there was audible cheering on the trading floor, until about 4 minutes later when it dawned on them that maybe this wasn't actually good news.