Parallel Universe

I just logged on to my brokerage account and the week end wrap up starts with this:


"Valentine's Day lies ahead, but the coming week should feel more like Christmas because the government is on track (we presume) to deliver some new recovery packages for the financial sector and the U.S. economy.
Just as any child has a feel-good vibe for Santa Claus, the market appeared to have a feel-good vibe for the impending packages as evidenced by a 6% gain in the financial sector and a 5.2% gain for the broader market this week.
It was an interesting response given the absence of confirmed specifics on the structure of these recovery packages, which are separate but likely to be at least equal in their high cost."

Okay, am I missing something? I am looking at charts for theS&P 500, Nasdaq Composite Index and Dow and they all seem down roughly 3-5%. After writing the last sentence I returned to my brokerage (E-Trade) and the Weekly Wrap now sounds correct. It now notes financials were down over 10% on the week, and that the various markets were down 3.6% to 5.2%. Maybe the first report was someone's wishful thinking. Pretty weird either way.

Disclosures: None