All news is being treated like good news lately. Usually optimists are defined as those who see the glass half full. This market is a bit more extreme than that and investors look like optimists who see the glass 99% full. Yesterday’s Fed minutes were very cautious about the housing market, uncomfortable inflation and poor economic growth. Regardless, the bulls loved it. Today’s GDP data was pathetic at best and pre-recessionary at worst. Instead, I am hearing a lot of bulls saying how great it is. 99% Full!!