ECONX Import Prices m/m 2.8% vs +0.2% consensus 08:30 ECONX Import Prices y/y 14.8% vs +13.7% consensus this is much higher than expected and fans the flames already buring due to GE's miss. it seems like those 400 point up days on the dow are nothing more than short covering rallies that suck in amateur investors who get caught as they once did back in 2000 when the nasdaq had fierce 3 day rallies. i remember JNPR going up 40 points in 3 days as FSLR just did only to get hammered. FSLR is alot different than JNPR was but you guys get the point.
well the fed keeps lowering rates to help wall street banks but at the same time causing import prices to go through the roof. these guys have got to draw a line in the sand.