Durable Goods Report

If the market's reaction is to be believed, today's durable good number is terrific.  Looking at the data, though, I don't understand where the euphoria is coming from.  Sure, the numbers were ahead of consensus (specifically the ex-transportation number), but, again, they're stuck in a range that's far from robust.  To me, this is another case of cheering less bad news.  Below is the actual release.  I'd be curious to know if any of you see anything truly market moving in here as well.