Microsoft so far hasn't released any data about Surface sales, feeding speculation that the device isn't faring well against the iPad or competing tablets that run on Google Inc.
Rising weekly jobless claims and a tepid gross domestic product estimate for the second quarter added to a recent string of weak U.S. economic data that is making for increasing speculation the Federal Reserve may opt for another round of quantitative easing of U.S. monetary policy.
Since these dates stocks declined and the bond yield fell, as weaker than expected economic data and earnings warnings trumped the market speculation due to quantitative earnings.
The alarmists make spectacular claims, supported merely by speculation and subjective predictions, that global warming is causing all sorts of horrible crises, while the objective data show exactly the opposite is happening in the real world.