"If they were saner they wouldn't have waited this long to realize what was happening and they would have sold earlier. Now they suddenly expect disappointment."

Prompted today by durable goods and home prices...just the types of numbers that would tilt a divided FOMC to err on the side of caution--benign comments Friday. Had these numbers been different--no big sell-off. (P.S....I don't put much import on these particular numbers at this point, on this day, but others did, and that's what I'm describing.)