An unofficial count of the number of utterances of the word "different" on CNBC following NASDAQ hitting 5000 stands at 47 as of the close... There's only one thing for it... For the first time since Q1 2009 (i.e. post Lehman), we have just had back to back drops in consumer spending... and all but 1 data item missed today extending the string of shitty data and further inspiring stocks to record highs... But all that mattered was that Nasdaq 5000 was achieved amid the broken market and then retested... Perhaps this sums up that best... What's not different this time: it's unanimous that it's different this time. — Not Jim Cramer (@Not_Jim_Cramer) https://twitter.com/Not_Jim_Cramer/status/572457875425124352!function(d,s,id){var js,fjs=d.getElementsByTagName(s)[0],p=/^http:/.test(d.location)?'http':'https';if(!d.getElementById(id)){js=d.createElement(s);js.id=id;js.src=p+"://platform.twitter.com/widgets.js";fjs.parentNode.insertBefore(js,fjs);}}(document,"script","twitter-wjs"); All equity markets rose today magically levitated during that broken market period amid terrible data... then melted up in the last hour Notably, US futures got an initial bump from China PMI then pumped up at the European open (before dumping the S&P to unch... and then it took off)... a small dip as Europe closed was quickly turned around and then a panic-buying melt-up ensued into the close... VIX was punched back under 13.. lowest close since Dec 5th... Treasury yields sold off from the US equity open but we suspect given the massive upsizing in the Actavis bond issue that this was notable rate locks being on amid a low liquidity market... (i.e. this is not sustainable) The US Dollar traded weak in the European session but started to rally back into positive territory as US markets opened, ending up 0.15% or so on the day... Silver, gold, and copper were all sold non-stop from Europe's open. Crude was very weak but rallied spike-like in its entirely algo-ized manner into the European close... only top dump it all back to unch by the NYMEX close... Seriously!! So next another leg down on into tomorrow's API data...? Charts: Bloomberg