DislikedThe Bonds increased the yield on the news from 2.52% to 2.56% on the spin.
Money popped into the US Dollar. The spin BETTER than expected BUT bottom line BAD...
PERCEPTION CHANGED again from REALITY.
The Dow will go to 14,000 The Recession is over Housing has bottomed and miraculously everything is great again.
BruceIgnored
Here is one report just out...
28 May 2008 12:30 GMT
BULLET: US DATA: Apr durable goods orders -0.5% in a 3rd in..
US DATA: Apr durable goods orders -0.5% in a 3rd drop in 4 mos. Durables
ex transport were +2.5% (second up month), and ex defense -0.3%. Motor
vehicles -3.3% and comml aircraft -24.4% (Boeing Co had 58 new orders
for pvt airplanes, vs 99 in Mar.) Durables was driven by +27.8% in
electrical eqpt, its biggest gain ever (no reason given), also by +2.8%
primary metals and +4.2% machinery. Shipments were +1.2%, Inventories
+0.5% (up in 9 of last 10 mos, possibly not all intended). NDCG shipmts
+1.3%, suggesting business spending was rising at the start of Q2.
Provided by: Market News International
WOW ! Bush bought $25,000,000,000 in New Spying Equipement to finally catch Bin Laden.
Amazing !!!
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