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Strategies & Market Trends : IPO and Other Stock Plays
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To: 1podstock who started this subject4/2/2003 10:17:48 AM
From: david777  Read Replies (1) of 13331
 
Another lets ignore the data: Factory Orders for Feb -1.5% vs consensus of -0.7%
Data has little impact on the market despite the fact that it was substantially below the consensus. A sharp -1.4% decline in nondurable goods orders added to a downwardly revised -1.6% decline in durable goods. Factory shipments (sales) fell -1.5% as inventories rose 0.4% to leave a larger 1.34 inventory/sales ratio.
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