Stocks Coming to Terms With Negative Data By Mark Manning About this article: On Wednesday, the market received a lot of dire news as numerous reports came out showing that the economy is continuing to weaken. For example, consumer sentiment continued to decline in November as job losses, declining incomes and market losses continue to mount, and Americans' wealth is evaporating. Consumer spending also experienced the biggest drop since September 2001 on reported data of a 1% decline last month. Another report, from the Commerce Department, showed that sales of new homes declined an estimated 5.3% in October, to the lowest level since 1991. That was topped off by the four-week average of first-time filings for unemployment benefits jumping to a 25-year high. With the barrage of bad news hitting the market, prices rebounded from the morning lows on Wednesday, and stocks closed positively in light trading. This is one of the things that I said we would need to see... Or, call us at 1-866-321-TSCM (8726) Monday-Friday, 8 a.m.-6 p.m. ET. Outside the U.S. and in Canada, call 1-212-321-5200. More Stories From RealMoney Durable Goods Up Move Down the Tech Food Chain Jobless Claims Still High Bulls' Tenacity Is the Big Question Mark Should You Buy It? Pharmaceutical Product Development Bad News Trumps All Support for Banks Holds, For Now Bummer, Yields Are on the Rise Money on the Line Makes a Big Difference Structured Products: Unsafe at Any Price MORE STORIES FROM REALMONEY

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