Even more bad news. Double Dip Failing?

[Turbineguy]

http://www.ibtimes.com/articles/48836/20100902/sand-nasdaq-buoyed-by-housing-jobs-data.htm

[JuniperLea]

1. The GOP/TeaBaggers aren't going to like this... eom

[bluestateguy]

2. It's a U recovery and not a W

And we still have a ways to go before we reach the vertical part of the U.

Of course we could have had a V recovery, but that would have required a bigger stimulus based on infrastructure, and not useless tax cuts.

[Dawson Leery]

4. More in terms of a long U.

Where each side is stretched out.

[mikelgb]

3. I welcome good news, but your snarky frame begs me to again ask' where are the jobs?'

from your link:

The housing and labor markets have long been considered two of the biggest headwinds facing the recovery, and the data comes a day ahead of a monthly employment report expected to confirm that jobs were lost in August.

"Today's data is positive, but given the high level of unemployment, it's hard to be too optimistic about the consumer," said Michael Sheldon, chief market strategist at RDM Financial in Westport, Connecticut.