Economic Data Not Backed Global Rally

When i see Monday's and Today's economic data of many countries

its hit my mind that global economy health is in dangerous condition

but when i see current global indices which all trade in green more then one percent again

that’s shows global economies health is sound

why this mismatch between economic data and global market ?

Is economic data not play any role for direction of global indices ?

I just tell u something . what’s the theory behind this

In 2012 we start with lots of negative environment all over world everyone said global condition is worst no recovery in 2012 like that we heard by everyone mouth and every small investor was in short side

That time big investor play their game buy that time and a big rally we see in January and all small investor book losses in their short side position and rally in global market we see more then 10% rally this year in Jan month now every where this time positive sentiment and now everyone tell that rally extends in Feb month too

when we see the price of stock in end of 2011 level most of stock run more then 20 t0 50 % in Jan month . Dow-johns and NASDAQ trade 52 week high this time

we ignore all negative news or worst economic data but we positively react with any little positive news in big gains in terms

Just remember last year what happened we react all little negative news with big cut in indices and not react any good economic news or data that time we just react only negative news in deep red

Now this time we behave same like we react all positive news to increase gain in indices . and ignore all negative data's

But very soon we see a big correction in global market .

but it appears in mid Feb

So my advice not to buy this time and not short this time i think 5 to 10 % gains are still left in global markets

that time little consolidation and more then a 20 % correction we see in global markets.

This is the 2 days world Economic data lots of negative in it . as compare to positive

TimeCur.Imp.EventActualForecastPrevious
Monday, January 30
03:00 EUR Spanish GDP (QoQ) -0.3%-0.3%0.0%
04:00 EUR Italian Business Confidence92.192.092.5
05:00 EUR Business and Consumer Survey93.492.892.8
08:00 EUR German CPI (MoM) -0.4%-0.5%0.7%
08:30 USD Personal Spending (MoM)0.0%0.2%0.1%
08:30 USD Personal Income (MoM)0.5%0.4%0.1%
08:30 USD Core PCE Price Index (MoM)0.2%0.1%0.1%
11:30 USD 3-Month Bill Auction0.050% 0.040%
16:45 NZD Building Consents (MoM)2.1%8.0%-6.2%
18:00 KRW South Korean Retail Sales (MoM)-0.2%0.2%-0.6%
18:00 KRW South Korean Industrial Production (YoY)2.8%2.1%5.8%
18:15 JPY Manufacturing PMI50.7 50.2
18:30 JPY Unemployment Rate4.6%4.5%4.5%
18:30 JPY Household Spending (YoY)0.5%-0.1%-3.2%
18:50 JPY Industrial Production (MoM) 4.0%2.9%-2.7%
19:01 GBP GfK Consumer Confidence-29-32-33
19:30 AUD Private Sector Credit (MoM)0.3%0.3%0.3%
19:30 AUD NAB Business Confidence3 2
22:00 SGD Singaporean Unemployment Rate2.0%2.2%2.0%
Tuesday, January 31
00:00 JPY Housing Starts (YoY)-7.3%-1.5%-0.3%
02:00 EUR German Retail Sales (MoM)-1.4%0.8%-1.0%
02:00 CHF Consumption Indicator0.92 0.78
02:45 EUR French PPI (MoM)-0.1%0.1%0.4%
02:45 EUR French Consumer Spending (MoM)-0.7%0.3%0.1%
03:55 EUR German Unemployment Change-34K-7K-25K
03:55 EUR German Unemployment Rate6.7%6.8%6.8%
04:00 EUR Italian Monthly Unemployment Rate8.9%8.7%8.8%
04:30 EUR Spanish Business Confidence-15-21-20
04:30 GBP Net Lending to Individuals0.4B1.2B1.0B
04:30 GBP Mortgage Approvals53K53K53K
04:30 GBP M4 Money Supply (MoM)-1.4%0.3%-0.5%
05:00 EUR Italian PPI (MoM)0.1%0.0%0.1%
05:00 EUR Unemployment Rate10.4%10.4%10.4%
06:00 BRL Brazilian Industrial Production (YoY)-1.2%-1.6%-2.1%
08:30 USD Employment Cost Index (QoQ)0.4%0.4%0.3%
08:30 CAD RMPI (MoM)-2.4%0.2%3.8%
08:30 CAD IPPI (MoM)-0.7%0.1%0.3%
08:30 CAD GDP (MoM)-0.1%0.2%0.0%
09:00 USD S&P/CS Home Price Indices Composite - 20 (YoY)-3.7%-3.2%-3.4%
09:45 USD Chicago PMI60.263.062.5
10:00 USD CB Consumer Confidence61.168.264.5