It's A Nuclear Melt-Up, Part 4

The worst June in new housing sales ever recorded, and the Dow closes up 100 points because May's downward revision was so hideous that June's pathetic numbers were "a huge jump in new home sales".

The Dow Jones industrial average has had its third straight triple-digit advance after investors got some unexpected good news about the economy.

The Commerce Department reported a better-than-expected jump in new home sales for June. Sales rebounded from a record low in May to an annual rate of 330,000 units, more than economists expected.

The melt-up continues, and when this one blows up in our faces, it's going to be a lethal shock to our economy.