Everything is great in this economy. Throw econ out the window and pull out the new voodoo econ. I will never understand this new economy
2007S Registered: Aug 2006 Posts: 2740 03-20-07 04:24 PM rally, why, because it just has to rally.. Edit/Delete ⢠Quote ⢠Complai
Company Investment Business spending in the fourth quarter was also weak. Corporate purchases of equipment and software declined at a 3.2 percent annual rate last quarter, the most since the final three months of 2002. Shipments in January of non-defense capital goods excluding aircraft, a proxy for future investment, slumped 2.7 percent, the most since September 2001. ``The investment side is the most puzzling and the biggest challenge to my optimism,'' James Glassman, senior economist at J.P. Morgan Securities Inc. in New York, said before the announcement. ``The risks have been shifting to the downside.'' http://www.bloomberg.com/apps/news?pid=20601087&sid=arG3WJf00puY&refer=home
I don't think many bears thought there was a hike coming. Everyone knows Ben is good at shutting up like Wall Street's pet.
Nothing is WRONG with the Market. Only those people that continue to question the last 60 SPX handles straight up. Tons of money-making opportunities. All you have to do is TRADE it, without looking for reasons to be biased in any one direction. "Observe what is happening and assume it will continue." --- Victor Sperandeo