Sharck Soup Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Sharck Soup

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Sharck who started this subject	5/4/2001 12:47:45 PM
From: besttrader	of 37746

12:30 ET Dow +79, Nasdaq +23, S&P +9.87: [BRIEFING.COM] New highs on the major indices since the last update. Today's activity raises the question of whether bad economic data is bad news or good news for the markets. Back in February and March, the markets hit a stage in which bad news was warmly received as it improved the chances for agressive easing out of the Fed. As it became more clear that the Fed is "on the market's side" (through two half point rate cuts, one of them inter-meeting), investor sentiment shifted away from rooting for bad data and towards looking for signals of improvement in the broader economy. With that in mind, this morning's weak numbers had an ominous look about them when released. The answer may be that at this point good data are great news and bad data are good news. This is the signal of a bull market it's just a matter of whether the pattern can continue to hold. DJTA -0.1%... DJUA +0.7%... SOX -0.7%... XOI +1.7%... BTK +1.5%... Nasdaq 100 +1.7%... S&P Midcap 400 +0.3%... Russell 2000 +0.1%... NYSE Adv/Dec 1566/1277... Nasdaq Adv/Dec 1651/1743.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next